Final Clearance Achieved for A.G. BARR/Britvic Merger
11 July 2013 --- The UK Competition Commission has fully reviewed the context of the potential transaction and has concluded that it does not expect it to result in a substantial lessening of competition. The Board of A.G. BARR believes this is a significant positive step and, in light of this, will actively reconsider a potential merger with Britvic.
The Board will review all material new developments since the original merger terms were agreed but currently believes that, other than Britvic’s recently announced short term cost saving plan, little has changed to alter its previous conviction that a merger represents a unique opportunity for value creation for both sets of shareholders in the short, medium and long term.
The Board of AG Barr confirms, in accordance with Rule 2.10 of The City Code on Takeovers and Mergers, that it has the following relevant securities in issue: 116,768,778 ordinary shares of 4 1/6 pence each (with International Securities Identification Number GB00B6XZKY75).