LONDON – Britvic (LON:) PLC, one of the UK’s leading soft drinks producers, has announced the cancellation of trading in its shares on the Stock Exchange. London Stock Exchange (LON:) starting today. The delisting follows the recent court approval of a plan of arrangement involving Britvic and Carlsberg (CSE:) A/S.
The formal delisting of Britvic shares from the official listing and cessation of trading on the main market of the London Stock Exchange came into effect today at 7:30 a.m. London time, according to a company statement. This action is consistent with previous announcements made earlier in the month regarding the court-sanctioned settlement.
Britvic had disclosed details of the project in a document dated July 22, 2024, which outlined the terms and procedures of the agreement. The delisting marks a significant change in Britvic’s capital structure and its relationship with the public market.
The Financial Conduct Authority granted the cancellation following a request from Britvic, marking the end of the availability of Britvic shares for trading to the general public on this major financial platform.
The company has been advised by several financial and legal institutions throughout this process, including Morgan Stanley & Co (NYSE:). International plc, Europa Partners Limited and JP Morgan Securities plc, who acted as financial advisors. Legal advice was provided by Linklaters LLP.
Investors and interested parties can find more information regarding the cancellation and the plan of arrangement on the Britvic website, with the understanding that the content of the website is not part of the official announcement.
The move is part of a broader acquisition strategy, although details of the agreement between Britvic and Carlsberg were not specified in this announcement.
The information in this article is based on a press release from Britvic PLC.
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