Business
Results of Tender Offer
DCC plc has announced the successful completion of its Tender Offer, with 11,605,415 Ordinary Shares being purchased today at £51.70 per share, representing approximately 12.0% of the issued share capital. The offer was fully subscribed, with tenders exceeding £600 million, and shares tendered below the strike price were accepted in full, while those at the strike price were subject to scaling down to ensure the total cost did not exceed £600 million. Payments to shareholders are expected within ten business days of the closing date. Disclaimer*
About this update from Dcc Plc
[{"type":"text","content":"\n\n\n19 December 2025\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO ANY JURISDICTION WHERE IT IS UNLAWFUL TO DISTRIBUTE THIS ANNOUNCEMENT\nResults of Tender Offer\nDCC plc (\"DCC\" or \"the Company\") today announces the results of the Tender Offer, details of which were set out in the shareholder circular published by the Company on 17 November 2025 (the \"Circular\").\nThe Tender Offer closed at 1:00 p.m. on 17 December 2025 (the \"Closing Date\"). 11,605,415 Ordinary Shares were successfully tendered and will be purchased today at £51.70 per share (the \"Strike Price\"). The number of Ordinary Shares being purchased represents approximately 12.0% of the current issued share capital of the Company (excluding treasury shares).\nThe Tender Offer was fully subscribed, with the aggregate value of Ordinary Shares validly tendered by Shareholders at a price below or at the Strike Price (or as Strike Price Tenders) exceeding £600 million. Therefore, in line with the scaling-down mechanism set out in the Circular, tenders have been accepted as follows:\n· all Ordinary Shares validly tendered at a price below the Strike Price or tendered as a Strike Price Tender will be accepted and purchased in full at £51.70 per share;\n· Ordinary Shares validly tendered at £51.70 per share will be scaled down such that the total cost of Ordinary Shares purchased pursuant to the Tender Offer does not exceed £600 million; and\n· all Ordinary Shares tendered at a price higher than the Strike Price will be rejected and will not be purchased in the Tender Offer.\nFurther information on the scaling down arrangements that apply is contained in paragraphs 2.17 and 2.18 of Part 4 (Details of the Tender Offer) of the Circular.\nAs set out in the Circular, the Ordinary Shares which have been successfully tendered will be purchased by Davy pursuant to the Tender Offer. Under the terms of the Option Agreement, the Company will acquire the Ordinary Shares purchased by Davy and it is expected that the acquisition by the Company of such Ordinary Shares will be completed later today. A further announcement will be made by the Company in that respect in due course.\nIt is anticipated that payment of the proceeds payable to Qualifying Shareholders whos...