5 Oct 2017 15:51
Applegreen plc
("Applegreen" or the "Company")
Completion of Acquisitions and Placing and Total Voting Rights
Dublin, London, 5 October 2017: Further to earlier announcements, Applegreen is pleased to confirm that it has completed the acquisitions of both the Brandi Group, a 42-site retail operation based in Columbia, South Carolina, and the Carsley Group, a seven-site forecourt retail operation based in the UK.
In addition, the Company confirms that the placing of 8,082,105 new ordinary shares of €0.01 each in the share capital of the Company ("Ordinary Shares") raising gross proceeds of approximately €46.9 million (£41.1 million) for the Company has completed.
Total Voting Rights
The Company confirms that its issued share capital and total voting rights comprises 89,903,158 Ordinary Shares. No shares were held in treasury at the date of this announcement. The total number of current voting rights in the Company is therefore 89,903,158.
The above figure (89,903,158 Ordinary Shares) is the figure which may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, the Company.
For further enquiries, please contact:
Applegreen
Bob Etchingham, CEO / Niall Dolan, CFO +353 (0) 1 512 4800
Drury Porter Novelli (Irish media):
Paddy Hughes +353 (0) 1 260 5000
Goodbody
Joe Gill +353 (0) 1 667 0420
Siobhan Wall
Shore Capital
Stephane Auton +44 (0) 20 7408 4090
Patrick Castle
About the Company
Established in 1992, Applegreen is a major petrol forecourt retailer with operations in the Republic of Ireland, the United Kingdom and the USA. The Company is pursuing a growth strategy focused on acquiring and developing new sites in each of the three markets in which it operates. As at 30 June 2017, the business operated 275 forecourt sites and employed c 4,000 people.
The Company offers a distinctive convenience retail offering in the forecourt space with three key elements:
· A "low fuel prices, always" price promise to drive footfall to the stores;
· A "Better Value Always" tailored retail offer; and
· A strong food and beverage focus aiming to offer premium products and service to the customer.
Applegreen has a number of strategic partnerships with international brands including Burger King, Subway, Costa Coffee, Greggs, Lavazza, Chopstix, Freshii and 7-Eleven. The business also has its own food offer through the Bakewell café brand.
Applegreen is the number one Motorway Service Area operator in the Republic of Ireland.