UK: AG Barr to hold meeting for share subdivision

By | 27 August 2009

AG Barr, producer of Irn-Bru, plans to subdivide its share capital in order attract more investment.

The soft drinks maker will hold a general meeting for shareholders at its Edinburgh offices on 18 September to discuss the plan, it said yesterday (26 August).

It is proposed that each of the company's issued and to be issued ordinary shares of GBP0.25 (US$0.40) each be subdivided into two ordinary shares of GBP0.125 each.

The share subdivision will double the number of ordinary shares in issue and, the board believes, may improve the liquidity and marketability of the ordinary shares.

The board also believes that the share subdivision may enable the company to attract more private investors and broaden its shareholder base.

If approved, the official list of the UK Listing Authority will be amended to reflect the share subdivision with effect from 21 September and new share certificates will be sent to the holders of certificated shares following the effective date.

The company expects to announce its interim results for the six months ended 1 August on 29 September.

Sectors: Soft drinks

Companies: AG Barr

View next/previous articles

Currently reading -

UK: AG Barr to hold meeting for share subdivision

There are currently no comments on this article

Be the first to comment on this article

Related articles

UK: AG Barr extends Rockstar distribution deal

Soft drinks group AG Barr has extended its sales and distribution contract with Rockstar Inc for its namesake energy drink in the UK and Ireland.

In the Spotlight - Analysts fizzing over Britvic, AG Barr

It's been a good week on the UK soft drinks market as Irn-Bru maker AG Barr and Tango and Robinsons maker Britvic both reported trading ahead of expectations, writes Michelle Russell.

UK: AG Barr FY profits to exceed expectations

Soft drinks group AG Barr has said it expects full-year profits to exceed expecations after sales in its final quarter were boosted by a strong performance from carbonates and Rubicon brands.

just-drinks tagline

Not a member? Join here

Decrease font sizeDecrease font sizeDecrease font size Increase font sizeIncrease font sizeIncrease font size Comment on this article Email this to a friend Print this page