31 Jul 2024 12:01
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Response to Shareholder Letter
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Dublin, London, 31 July 2024: The Board of C&C Group plc (the "Company" or "C&C") notes the open letter published yesterday evening by Engine Capital LP ("Engine"), a shareholder in the Company.
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C&C has always engaged openly with its shareholders, and will continue to do so. This includes regular dialogue with Engine since it invested in the Company, and in particular since its open letter of 24 June 2024 and its notification of intention to propose the appointment of additional Directors to the Board.
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The Board of C&C is reviewing the contents of Engine's recent letter and will provide a response in due course.
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ENDS
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Contacts
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C&C Group plc
Email:Β investor.relations@candcgroup.ie
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Investors, Analysts & Media
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FTI Consulting
Jonathan NeilanΒ /Β Paddy Berkery / Niamh O'Brien
Tel: +353 86 231 4135 / +353 86 602 5988 / +353 87 707 8379
Email:Β CandCGroup@fticonsulting.com
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AboutΒ C&C Group plc
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C&C Group plcΒ is a leading, vertically integrated premium drinks company which manufactures, markets and distributes branded beer, cider, wine, spirits, and soft drinks across theΒ UKΒ andΒ Ireland.
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Β· C&C Group'sΒ portfolio of owned/exclusive brands includeΒ Bulmers, the leading Irish cider brand and Tennent's, the leading Scottish beer brand; as well as a range of fast-growing, premium and craft ciders and beers, such as Heverlee, Menabrea, Five Lamps and Orchard Pig. C&C exports its Magners and Tennent's brands to over 40 countries worldwide.
Β· C&C GroupΒ has owned brand and contract manufacturing/packing operations inΒ Co. Tipperary, IrelandΒ and Glasgow, Scotland.
Β· C&C is the No.1 drinks distributor to theΒ UKΒ andΒ IrelandΒ hospitality sectors. Operating through the Matthew Clark,Β Bibendum, Tennent's and Bulmers Ireland brands, the Group has a market leading range, scale and reach including an intimate understanding of the markets it serves. Together this provides a key route-to-market for major international beverage companies.
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C&C Group plcΒ is an Irish incorporatedΒ FTSEΒ 250 company headquartered inΒ DublinΒ and is listed on theΒ London Stock Exchange.
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