Ardagh Metal Packaging to issue preferred shares to Ardagh Group
Ardagh Group S.A. to subscribe for €250m of Perpetual Preferred Shares to be issued by Ardagh Metal Packaging S.A.
Luxembourg (June. 01, 2022) - Ardagh Group (“Ardagh”) announces its intention to subscribe for €250 million of non-convertible, non-voting 9% Perpetual Preferred Shares by its subsidiary Ardagh Metal Packaging S.A. (“AMP”). The offering is expected to complete in July 2022, subject to shareholder approval of amendments to the Articles of Association of AMP.
Ardagh further notes the update by AMP in relation to its proposed financing, capital allocation and other matters. Ardagh does not intend to participate in AMP’s stock buyback program. Further information on this update can be found at: https://www.ardaghmetalpackaging.com/corporate/investors
To view this release online and for more information about Ardagh Group please visit: https://www.ardaghgroup.com/investors
About Ardagh Group
Ardagh Group is a global supplier of infinitely recyclable metal and glass packaging for brand owners around the world. Ardagh operates 65 metal and glass production facilities in 16 countries, employing more than 20,000 people with annualised sales of approximately $10 billion.
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This press release includes “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties, many of which may be beyond our control. We caution you that the forward-looking information presented in this press release is not a guarantee of future events, and that actual events may differ materially from those made in or suggested by the forward-looking information contained in this press release. Any forward-looking information presented herein is made only as of the date of this press release, and we do not undertake any obligation to update or revise any forward-looking information to reflect changes in assumptions, the occurrence of unanticipated events, or otherwise.
01 June 2022