NEWS

Ardagh Group Filed for Proposed €2 billion IPO for Metal Can Packaging Business

Friday, Jun 26, 2015

Ardagh announced today that Oressa Limited (“Oressa”), its new wholly-owned subsidiary, formed to acquire its metal can packaging business, has filed a registration statement on Form F-1 with the Securities and Exchange Commission (the “SEC”) relating to the proposed initial public offering of its Class A common shares. The number of shares to be offered and the price range for the proposed offering have not yet been determined. Oressa plans to apply to have the Class A common shares listed on the New York Stock Exchange under the symbol “ORES.”

Ardagh’s metal can packaging business is a leading supplier of innovative, value-added metal can packaging to the consumer products industry. The business operates 54 production facilities in 20 countries, serving approximately 1,300 customers and employing 7,300 people.

Whilst there is no assurance of the size or ultimate success of any offering, Ardagh's objective is to raise total proceeds of approximately €2 billion from equity and debt issuance by Oressa.

Citigroup is acting as lead book-running manager for the proposed offering. The proposed offering will be made only by means of a prospectus. A copy of the preliminary prospectus related to the proposed initial public offering may be obtained, when available, from: Citigroup c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, or by calling toll-free at 800-831-9146.

A registration statement relating to these securities has been filed with the SEC but has not yet become effective. A copy of the registration statement can be accessed through the SEC’s website. These securities may not be sold, nor may offers to buy, be accepted prior to the time that the registration statement becomes effective. This press release shall not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

 

ardaghgroup.com

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