14/12/2005 Exchange welcomes Britvic to the Main Market
14 December 2005
The London Stock Exchange is delighted to welcome Britvic to the Main Market.
Britvic is one of the two leading soft drinks businesses in Great Britain. The company is the largest supplier of still soft drinks, the faster growing category in the soft drinks market, and the number two supplier of carbonates.
Britvic’s broad portfolio of leading brands includes established names such as Robinsons and Tango and new innovations such as J2O and Robinsons Fruit Shoot. Included within the portfolio are the Pepsi and 7UP brands, which Britvic produces, markets, sells and distributes under its exclusive appointment from PepsiCo.
Shares in the company were priced at 230p, giving a market capitalisation of approximately £494 million at admission. The size of the global offer has been increased from approximately 153 million shares to approximately 181 million shares in response to strong demand from investors.
Paul Moody, Chief Executive of Britvic, said: “We are delighted that the global offer has been so well received and we welcome our new shareholders. The high level of interest in our IPO demonstrates that investors recognise the potential within Britvic and have confidence in our ability to drive future growth. We look forward to starting life as a public company on London’s Main Market and to delivering value to our shareholders.”
Citigroup Global Markets Limited and Deutsche Bank AG acted as Joint Sponsors, Joint Global Co-ordinators and Joint Bookrunners for the global offer.