C&C Group (CCR) Trading Update summary

Trading and financial performance

• Earnings year-to-date are in line with expectations, despite poor June weather, and full-year earnings are expected to show significant growth over FY2024.

• Commitment to deliver at least €150m to shareholders over three years via share buybacks, dividends, and special dividends remains unchanged.

• The first €15m tranche of the share buyback programme is complete; the second tranche will start on 1 September.

• A final dividend of 3.97 cent per share is proposed, bringing the full-year dividend to 5.86 cent per share.

Board and governance updates

• Feargal O'Rourke appointed as independent Non-Executive Director and Audit Committee member, following a rigorous recruitment process.

• O'Rourke brings extensive experience from PwC and current roles as Chair of IDA Ireland and the Institute of International and European Affairs.

• Board committee composition is under review, with updates to be announced.

• The appointment is part of ongoing board refreshment and is independent of recent engagements with Engine Capital.

Financial reporting and outlook

• FY2025 financial reporting calendar includes four scheduled updates: 9 Sep 2024 (H1 update), 29 Oct 2024 (interim results), 3 Mar 2025 (pre-close update), and 27 May 2025 (preliminary results).

• The group intends to maintain this reporting schedule in future periods.