De La Rue PLC Completion of paper transaction (4723J)
30 March 2018 - 1:19AM
UK Regulatory
TIDMDLAR
RNS Number : 4723J
De La Rue PLC
29 March 2018
DE LA RUE PLC
Completion of paper transaction
29 March 2018
Further to the announcement of 1 February 2018, De La Rue plc
("De La Rue" or the "Group"), the world's leading security and
anti-counterfeiting provider for banknotes, identity and brand
protection, today announces that it has completed the sale of a 90%
interest in Portals De La Rue Limited, the Group's paper business,
to Epiris Fund II for a cash consideration of cGBP61m. The cash
proceeds will initially be used to reduce the Group's debt.
The Board believes the transaction provides an opportunity to
create greater long term value for its shareholders by enabling De
La Rue to focus on its strategy of driving growth organically and
through partnerships and acquisitions.
De La Rue plc's LEI code is 213800DH741LZWIJXP78.
Enquiries:
De La Rue plc +44 (0)1256 605000
Martin Sutherland Chief Executive Officer
Lili Huang Head of Investor Relations
Brunswick +44 (0)207 404 5959
Katharine Spence
Stuart Donnelly
About De La Rue
De La Rue's purpose is to enable every citizen to participate
securely in the global economy. As a trusted partner of
governments, central banks and commercial organisations, De La Rue
provides products and services that underpin the integrity of
trade, personal identity and the movement of goods.
As the world's largest designer and commercial printer of
banknotes, De La Rue designs, manufactures and delivers banknotes,
banknote substrates and security features to customers in a world
where currency will continue to be a key part of the developing
payments eco-system. De La Rue is the only integrated supplier of
both paper and polymer banknotes, and creates security features
that ensure banknotes are protected against counterfeiting.
De La Rue is the world's largest commercial designer and printer
of passports, delivering national and international identity tokens
and software solutions for governments in a world that is
increasingly focused on the importance of a legal and secure
identity for every individual.
De La Rue also creates and delivers secure product identifiers
and 'track and trace' software for governments and commercial
customers alike to help to tackle the challenge of illicit or
counterfeit goods and the collection of revenue and excise
duties.
De La Rue is listed on the London Stock Exchange (LSE:DLAR). For
further information visit www.delarue.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
CNTLLFLSVDIAFIT
(END) Dow Jones Newswires
March 29, 2018 10:19 ET (14:19 GMT)
De La Rue (LSE:DLAR)
Historical Stock Chart
From Apr 2024 to May 2024
De La Rue (LSE:DLAR)
Historical Stock Chart
From May 2023 to May 2024
