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Ardagh Group (ARD) is a global leader in the supply of infinitely recyclable metal and glass packaging solutions for the world’s foremost brands. Operating 65 production facilities across 16 countries, Ardagh employs over 21,000 people and boasts annualized sales of approximately $10 billion. This extensive network underscores the company's commitment to sustainability and innovation in packaging.
The company's recent achievements include its third significant investment in the 'Ardagh for Education' program. Announced on August 2, 2023, Ardagh Group will channel approximately $5 million over the next decade towards STEM education in Brazilian communities, in partnership with SESI. This initiative aims to enhance the quality of education for 200,000 primary and secondary students and provide high-quality teacher training for 2,500 educators across 200 schools in Brazil.
Additionally, in a move to bolster local economies, Ardagh Glass Packaging-North America has collaborated with Stevens Point Brewery to supply glass beer bottles locally. This partnership not only supports state economies but also reduces carbon footprints due to shorter transportation distances. Ardagh's focus on sustainable practices is evident in this collaboration, which aligns with both companies' values.
Looking ahead, Ardagh is set to showcase its extensive glass packaging portfolio at the 2024 Craft Brewers Conference/BrewExpo America in Las Vegas. With a range of sizes and finishes, Ardagh continues to meet the evolving demands of the craft brewing industry. Notably, their American-made glass bottles are crafted with a commitment to quality and sustainability.
The financial condition of Ardagh Group remains robust, with a strong sales record and strategic investments that drive both community development and business growth. The company’s engagement in various sustainability initiatives further solidifies its reputation as a responsible and forward-thinking leader in the packaging industry.
Ardagh Glass Packaging – North America has partnered with Ste. Michelle Wine Estates to transition to ECO Series sustainable glass packaging. This collaboration emphasizes sustainability, providing high-quality glass bottles that are infinitely recyclable. The initiative significantly reduces environmental impact, equating to greenhouse gas emissions saved from 237 cars annually. With over 125 years of glass production expertise, Ardagh continues to innovate in eco-friendly packaging solutions. The partnership aligns with global sustainability trends, marking a notable stride for both companies.
Ardagh Glass Packaging – North America (AGP) celebrates a 50-year partnership with Mt. Olive Pickle Company, the leading pickle brand in America. The partnership began in 1926 and has grown significantly, with AGP supplying locally sourced glass containers that preserve the quality of Mt. Olive's products. AGP's facilities across the U.S. provide a range of glass jars, supporting Mt. Olive's commitment to sustainability. This collaboration is highlighted during the United Nations International Year of Glass (IYOG), emphasizing the importance of glass packaging in sustainable practices.
Ardagh Group S.A. (NYSE: ARD) announced the final results of its exchange offer for all outstanding Class A Common Shares (AGSA Shares) for Ardagh Metal Packaging S.A. (NYSE: AMBP) shares. The exchange, which closed on October 5, 2021, saw 15,755,304.7 AGSA Shares (84.38% of total shares) exchanged for 39,388,152 AMPSA Shares. This move allows AGSA to maintain approximately 75% ownership of AMPSA, resulting in a public float of around 25%. Following this successful exchange, AGSA will initiate voluntary delisting from NYSE.
Ardagh Group S.A. announced the preliminary results of its exchange offer for Class A Common Shares (ARD) for shares of Ardagh Metal Packaging S.A. (AMBP) on October 6, 2021. Approximately 15,869,750 AGSA Shares, or 85% of total outstanding stock, were validly tendered, leading to the planned exchange of about 39,674,374 AMPSA Shares. Following the exchange, AGSA expects to hold 75% of AMPSA, enhancing public float to 25%. The AGSA Shares were delisted from NYSE on October 5, 2021, post successful exchange offer completion.
On September 24, 2021, Ardagh Group S.A. (NYSE: ARD) announced its decision to voluntarily delist its Class A common shares from the NYSE after completing an exchange offer. Shareholders will receive 2.5 shares of Ardagh Metal Packaging S.A. (NYSE: AMBP) for each AGSA share. The exchange offer will end at 11:59 p.m. on October 5, 2021, with plans to file for delisting on October 6. This move aims to eliminate inefficiencies from dual public trading and reporting obligations. AGSA does not plan to list shares on another exchange.
Ardagh Group S.A. (NYSE: ARD) announced a special cash dividend of $1.25 per common share, payable on October 12, 2021, to shareholders on record by October 4, 2021. This dividend is in addition to the regular quarterly dividend of $0.15, payable on October 1, 2021, to shareholders of record by September 17, 2021. The announcement follows an exchange offer where Ardagh Group is proposing to exchange shares for Ardagh Metal Packaging S.A. (NYSE: AMBP). Ardagh operates 57 facilities globally, employing over 16,000 people, with sales around $7 billion.
Ardagh Group S.A. (NYSE: ARD) has announced an exchange offer to acquire all outstanding Class A Common Shares (AGSA Shares) in exchange for 2.5 Ardagh Metal Packaging S.A. (NYSE: AMBP) shares. The offer will start on September 7, 2021, following AMPSA's recent listing on the New York Stock Exchange. Once concluded, AGSA intends to delist its shares and deregister under the Securities Exchange Act, streamlining operations between the two entities. Completion of the offer hinges on a minimum of 60% of AGSA Shares being tendered.
Ardagh Group S.A. (NYSE: ARD) reported second quarter earnings showing a 17% revenue increase to $1.9 billion, driven by higher shipments in metal and glass packaging. Adjusted EBITDA rose 20% to $325 million, with significant growth in both Ardagh Metal Packaging (AMP) and Glass Packaging Europe. Despite a cyber security incident costing $34 million, the company anticipates strong performance in the second half of 2021, reaffirming guidance for Adjusted EBITDA between $1.28 - $1.30 billion. Cash and liquidity stood at $4 billion as of June 30, 2021.
Ardagh Metal Packaging is set to release its Second Quarter 2021 results on August 3, 2021, with the results made available via its website at 07:00 EST that day. An investor webcast will follow at 09:00 EST. The call will allow investors to review the financial outcomes and engage with company representatives. The focus will be on the financial performance for Q2 2021, providing insights for stakeholders. Dial-in details are provided for those unable to join the webcast.
Ardagh Metal Packaging will participate in the Deutsche Bank Global Basic Materials Conference on June 10, 2021, at 9:00 a.m. ET. Investors and interested parties can listen to the presentation via a live webcast using the provided link. Ardagh Metal Packaging is a key player in the beverage can market, with 23 production facilities across the Americas and Europe, employing around 4,900 people. In 2020, the company achieved revenues of $3.5 billion, underscoring its significant role in sustainable packaging.
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