RPC completes purchase of Hong Kong-based ACE following receipt of German competition law approval, fulfillment of other outstanding conditions
June 4, 2014
– RPC, an international rigid plastic packaging supplier to the food and non-food, consumer and industrial markets is pleased to announce the completion of the acquisition of ACE Corporation Holdings Limited (“ACE”), details of which were announced on 1 May 2014, following a receipt of the German competition law approval and the fulfillment of other outstanding conditions (the “Acquisition”).
As part of the Acquisition, a total of 8,509,841 Consideration Shares have been issued and Admission of the Consideration Shares has taken place today at 8.00 a.m. RPC's enlarged issued ordinary share capital immediately following the issue of the Consideration Shares is 187,583,702 ordinary shares. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest, or a change to their interest, in the share capital of the Company under the Disclosure and Transparency Rules.
A prospectus and circular relating to the Consideration Shares and the Acquisition was published on 1 May 2014 and is available on www.rpc-group.com.
Pim Vervaat, Chief Executive of RPC, commented:
“We are delighted to complete the acquisition of ACE and to welcome our new colleagues into RPC. This is an important step in the implementation of our Vision 2020 strategy. We are excited to continue ACE’s development and to support our customers in the Far East through this acquisition going forward.”