C&C Group is set to issue just over 1m new shares as part of next year's interim dividend.

The Ireland-based beer and cider company, which owns the Magners brand, confirmed yesterday (6 December) that it has alloted 1.05m ordinary shares with a value of EUR0.01 each. The shares have been alloted in lieu of a cash dividend as set out in C&C's scrip dividend scheme.

The dividend will be paid on 16 December, when C&C expects the shares to commence dealing on both the Irish and London Stock Exchanges.

Last month, C&C acquired the Hornsby's cider brand in the US from E&J Gallo Winery for an initial EUR16.4m (US$22.5m).