RPC was established in 1991 following the management buyout of the plastic operations of Reedpack Ltd from SCA. Originally comprising five UK factories, the company today has over 55 operations in 19 countries and employs more than 11,100 people, with annual sales in excess of £1bn. It was listed on the London Stock Exchange in 1993 and entered the FTSE 250 in March 2011.

RPC is unique in offering products manufactured by the three main conversion processes – blow moulding, injection moulding and thermoforming, each technology producing different product characteristics that are suitable for specific packaging applications. It is structured along market and technological lines into six clusters which are aligned to these three processes.

Each cluster has on average seven manufacturing sites, operating across a wide geographical area for reasons of customer proximity, local market demand and manufacturing resource. Each plant is run autonomously.

This structure gives RPC a high degree of knowledge and expertise, along with the flexibility to deal with all types of sizes of businesses, and enables the company to deliver packaging solutions tailored each time to individual customer requirements, as well as the highest levels of service and support.


http://www.rpc-group.com/

Half year results

Financial highlights1:

· Revenue growth of 7% to £1,892m reflecting continued organic growth of 3.2%, the contribution from acquisitions, pass-through of higher polymer prices partially offset by foreign exchange movements
· Adjusted operating profit increase of 3% to £214.3m demonstrating good organic profit growth despite polymer headwind
· Statutory profit after tax, from continuing operations of £119.1m up 1%, with a 2% improvement in statutory basic EPS to 28.9p
· Robust adjusted operating cash conversion achieving 89% whilst investing in growth projects
· Interim dividend of 8.1p up 4% representing the 26th year of consecutive growth

Strategic highlights:

· Significant organic growth in China and US due to higher added value products
· Investment in the Group's sustainability proposition with the acquisition of UK based recycler PLASgran positioning RPC as one of Europe's leading recyclers
· Selective consolidation of European markets continued with the Nordfolien acquisition
· Finalised the disposal of Letica Foodservice whilst continuing with the disposal of the other non-core businesses
· Returned £99m to shareholders through dividend payments and the completion of the inaugural share buyback scheme

Going by the chart we're ready for another spike
To 800+

29 Nov
JP Morgan...
1,000.00
Overweight

Update re: potential offer and deadline extension
RNS
RNS Number : 1464J
RPC Group PLC
03 December 2018

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
THIS ANNOUNCEMENT IS NOT AN ANNOUNCEMENT OF A FIRM INTENTION TO MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE "CODE") AND THERE CAN BE NO CERTAINTY THAT AN OFFER WILL BE MADE, NOR AS TO THE TERMS ON WHICH ANY OFFER WILL BE MADE
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION
FOR IMMEDIATE RELEASE
3 December 2018
UPDATE REGARDING POTENTIAL OFFER AND EXTENSION TO DEADLINE UNDER RULE 2.6(C) OF THE CODE
RPC Group Plc ("RPC" or the "Company") previously announced that discussions were taking place with each of Apollo Global Management and Bain Capital which may or may not result in an offer for the Company.
In accordance with Rule 2.6(a) of the Code, each of Apollo Global Management and Bain Capital were required, by not later than 5.00 p.m. on 3 December 2018, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.
Discussions remain ongoing with Apollo Global Management and in accordance with Rule 2.6(c) of the Code, the Board of RPC requested that the Panel on Takeovers and Mergers (the "Panel") extend the deadline referred to above with respect to Apollo Global Management to enable continued discussions to take place. Accordingly, an extension has been granted by the Panel and Apollo Global Management must, by no later than 5.00 p.m. on 21 December 2018, either announce a firm intention to make an offer for RPC in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Panel.
RPC and Bain Capital have mutually agreed to terminate discussions. In accordance with Rule 2.6(a) of the Code, Bain Capital is required, by not later than 5.00 p.m. on 3 December 2018, to either announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. In the case of Bain Capital, the Board of RPC has not requested an extension of this deadline from the Panel.
A further announcement will be made when appropriate. There can be no certainty that any offer will be made for the Company, nor as to the terms on which any offer might be made.