Response to Shareholder Letter
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.
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.
The Board of C&C is reviewing the
contents of Engine's recent letter and will provide a response in
due course.
ENDS
Contacts
C&C Group
plc
Email: investor.relations@candcgroup.ie
Investors, Analysts &
Media
FTI
Consulting
Jonathan
Neilan / Paddy Berkery / Niamh O'Brien
Tel: +353 86
231 4135 / +353 86 602 5988 / +353 87 707 8379
Email: CandCGroup@fticonsulting.com
About C&C Group
plc
C&C Group plc is a leading,
vertically integrated premium drinks company which manufactures,
markets and distributes branded beer, cider, wine, spirits, and
soft drinks across the UK and Ireland.
· C&C
Group's portfolio of owned/exclusive brands
include 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.
· C&C
Group has owned brand and contract manufacturing/packing
operations in Co. Tipperary,
Ireland and Glasgow, Scotland.
·
C&C is the No.1
drinks distributor to
the UK and Ireland hospitality sectors.
Operating through the Matthew Clark, 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.
C&C Group plc is an Irish
incorporated FTSE 250 company headquartered
in Dublin and is listed on the London Stock
Exchange.