LONDON - Britvic (LON:BVIC) plc, a leading British producer of soft drinks, has issued a statement confirming the total number of ordinary shares in issue as part of the regulatory requirements under the City Code on Takeovers and Mergers. As of today, the company has 251,286,917 ordinary shares, each with a nominal value of 20 pence and an International Securities Identification Number (ISIN) of GB00B0N8QD54.
This announcement is pertinent for shareholders who need to disclose their percentage of ownership or any changes to their interest in the company in accordance with the Financial Conduct Authority’s Disclosure Guidance and Transparency Rules.
Additionally, Britvic has a sponsored American Depositary Receipts (ADR) program, with the Bank of New York Mellon (NYSE:BK) serving as the depositary bank and registrar. Each ADR represents two ordinary shares and is traded on the OTCQX market under the symbol BTVCY. The ISIN for these ADRs is US1111901047.
The company's disclosure comes at a time when adherence to the City Code on Takeovers and Mergers is critical for transparency during potential takeover proceedings. The Code mandates that any person holding an interest of 1% or more in any class of relevant securities must make an Opening Position Disclosure after the start of the offer period or upon the identification of any securities exchange offeror.
Britvic has engaged Morgan Stanley & Co (NYSE:MS). International plc and Europa Partners Limited as financial advisers, with Linklaters LLP as legal adviser, to navigate the complexities of the possible offer.
This information is based on a press release statement and is essential for investors and market participants who track ownership and control within publicly traded companies. It also serves as a compliance measure for Britvic in the context of the United Kingdom (TADAWUL:4280)'s regulatory framework governing mergers and acquisitions.
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