C&C Group (CCR) Trading Update summary

Share buyback programme details

• Launching a €15 million share buyback programme starting 9 September 2024, with purchases to be completed by 31 January 2025, subject to market conditions.

• Part of a broader plan to return up to €150 million to shareholders over three fiscal years ending February 2027, through dividends and buybacks.

• Previous €15 million tranche of buybacks completed earlier in the year, reflecting ongoing capital return strategy.

• Buybacks will be executed by J & E Davy, acting independently and within pre-set parameters, with shares to be cancelled upon repurchase.

• Programme is supported by strong cash generation and board confidence in the medium-term outlook.

Regulatory and operational framework

• Buyback authority covers up to 10% of issued share capital, as approved at the August 2024 AGM.

• Programme will comply with EU and UK market abuse regulations and FCA requirements.

• Purchases may occur via block trades, with all repurchased shares to be cancelled.

• Details of repurchases will be disclosed to a Regulatory Information Service after each transaction.

• No guarantee that the full €15 million will be deployed or that any shares will be repurchased.

Company background

• C & C Group is a leading vertically integrated premium drinks company, manufacturing and distributing beer, cider, wine, spirits, and soft drinks in the UK and Ireland.

• Owns major brands such as Bulmers, Tennent's, Magners, and operates key distribution channels like Matthew Clark and Bibendum.

• Exports brands to over 40 countries and operates manufacturing in Ireland and Scotland.

• Market leader in drinks distribution to the UK and Ireland hospitality sectors.

• Irish incorporated, FTSE 250 company, headquartered in Dublin and listed on the London Stock Exchange.