Ardagh chairman to get important windfall

  Company financial news

Thanks to Ardagh’s decision to return EUR 73 million to shareholders, chairman Paul Coulson, who owns over 33% of the glassmaker, will receive EUR 24 million. The latest dividend payment comes as the company plots fresh plans for a stock market listing, after a previous effort to hit the New York Stock Exchange in 2011 was thwarted amid global economic turbulence.

Ardagh
Paul Coulson, head of glassmaker Ardagh, is to receive a EUR 24 million summer windfall
Dublin financier Paul Coulson, head of glassmaker Ardagh, is to receive a EUR 24 million summer windfall as the company plans to return EUR 73 million to shareholders. The company is raising USD 1 billion of payment-in-kind notes and will use part of the proceeds to pay the dividend.
Coulson and his family own over 33% of Ardagh, both directly and also through his Yeoman investment vehicle. This is the second time in three years that Coulson and other senior Ardagh executives have reaped millions from a refinancing at the group.
In 2011, another bond refinancing resulted in EUR 183 million, over EUR 60 million of which going to Coulson.
Niall Wall, the chief executive of the group, who owns nearly 10% of Ardagh, received over EUR 18 million from that refinancing and will get a further EUR 7.3 million from this latest move.
The latest dividend payment for Coulson, who is executive chairman of Ardagh, comes as the company discussed fresh plans for a stock market listing, after a previous effort to hit the New York Stock Exchange in 2011 was held back by global economic turbulence.
The company has confirmed that it hopes to complete an initial public offering in the second half of 2015.
The decision to pay the latest dividend to Ardagh shareholders comes just weeks after it completed a drawn out purchase of glassmaker Verallia North America, following initial objections from the US competition watchdog.
Ardagh, which employs nearly 20,000 people in 23 countries, added that its revenue...






expand

Channel: Company financial news

4.288 Total news items for this channel since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 103 
latest Order by:

GlassOnline News by Channel

Thirdquarter

2017-12-21
Libbey saw its shares reach USD 6.69 on 18 December resulting in a market cap of USD 147.29 million for the company.

Investments

2017-12-20
Steklarna Hrastnik is to carry out important investments in development, expansion, and growth, transforming its...

Increaseinnetsales

2017-12-18
Isra has, once again, matched its full year guidance with revenues and EBT +11%, cash flow significantly stronger,...

Results

2017-12-18
In its fourth-quarter results, Quanex saw a fall in sales compared to the same period of last year, also divesting a...

Financial

2017-12-14
Libbey has entered into an amendment to extend the terms of its existing asset-based loan (ABL) credit facility.

Financialreports

2017-12-12
Apogee’s 3Q conference call will take place on 21 December prior to market opening.

Dupont

2017-12-06
O-I’s subsidiary OI European Group intends to offer USD 310 million aggregate principal amount of its senior notes due 2...

Moneypilingup

2017-12-04
Vitro has announced that it will be making an advance payment of principal to the Credit Agreement for USD 60 million...

SisecamLogocopy

2017-11-27
Sisecam's net sales reached TL 8 billion with a 32.2% increase in the first nine months.

Verescenceweb395182c1ctcopy

2017-11-22
Verescence has unveiled its largest glass melting furnace at its flagship plant in Mers-Les-Bains, investing EUR 30...

Financialresults

2017-11-20
Revenue up 4.7% year-on-year, including 5.7% at constant foreign exchange rates; EBITDA up 6.8% year-on-year, including...

Jenoptik

2017-11-13
Group revenue increased by 7.0% to EUR 526.8 million, EBIT improved strongly by 15.9% to EUR 52.0 million, Executive...

Dupont

2017-11-13
In its financial results for the second quarter, Piramal Glass Ceylon reports increased sales to the US, Canada and...

Emptyglassbottles000056169688

2017-11-07
Drujba Glassworks has been removed from the public companies register after a previous announcement regarding its...

Financialresults2

2017-11-07
Ferro will be hosting its Investor Day on 9 November with a live webcast at approximately 8:30 a.m. Eastern Time.

Stocksandshares

2017-11-06
In its third-quarter financial results, Research Frontiers reported an increase in fee income, a decline in expenses,...

Apogee

2017-11-02
Libbey reports a net loss of USD 78.8 million, driven by a non-cash goodwill impairment, with adjusted EBITDA OF USD 20...

Financialresults

2017-11-01
Orders received totalled EUR 26.8 (25.6) million; net sales grew by 23% to EUR 25.3 (20.5) million; comparable EBITDA...

Conference

2017-10-31
Research Frontiers will release its third-quarter results and host a conference call on 2 November to discuss its 2017...

Gorillaglass1

2017-10-31
Corning Inc.'s shares rose 6.6% last week after the glassmaker's sales increased in its latest quarter as more consumer...

TopGlassCompaniesIndia201409

2017-10-31
Borosil Glass Works will be hosting a Board of Directors meeting on 2 November to approve the Unaudited Standalone...

Stocksandshares

2017-10-30
O-I’s third quarter 2017 results show increases and higher results, especially in Europe and Latin America.

Salesincrease

2017-10-30
Good organic growth, at 4.2% for the nine-month period; further volume growth in Q3 (up 3.6%) in all Business Sectors...

Thirdquarter

2017-10-25
Libbey will announce its 2017 third quarter financial results on Tuesday, 31 October 2017, prior to the opening of the...

Zeiss

2017-10-18
ZEISS continues its strategic, global investment and growth trajectory; new integrated high-tech site, which will...

Financialgraphs

2017-10-12
Revenues down from EUR 350.4m in Q3 2016 to EUR 331.5m in Q3 2017; organic decrease of 4.3%. Adjusted EBITDA margin...

Financialresults

2017-10-09
Apogee Enterprises has declared a USD 0.14 per share quarterly cash dividend.

SolarWindowlogo

2017-10-05
New invstemnt will advance manufacturing, marketing, and product fabrication initiatives

FerroCorp

2017-10-04
Acquisitions of Endeka Group and Gardenia Quimica will broaden Ferro’s portfolio of products

1506072339a0ea

2017-09-26
The Mayor of Pittsfield is requesting a grant from the Pittsfield Economic Development Fund to help LTI Smart Glass...

Companygrowth

2017-09-21
Revenues of USD 343.9 million up 24%; EPS of USD 0.60; adjusted EPS of USD 0.75; reaffirming FY18 outlook for 24-26%...

AsahiIndia

2017-09-14
The bulk of these plans centre around the company's new Gujarat plant

DrujbaGlassworks

2017-09-05
Bulgarian glassware company reported consolidated net profit rose to 8.1 million BGN

CsmEA051024C210low169559588c60e

2017-09-01
Vetropack Group once again achieved record sales in the first half of 2017, and expects the market environment to...

Glaston

2017-09-01
Glaston’s outlook remains unchanged, and the company expects the full-year comparable operating result to improve from 2...

Increasedrevenue

2017-08-24
Apogee remains confident in longer-term growth outlook for U.S. commercial construction markets, has positive outlook...

Financialreports

2017-08-22
Borosil’s increase in capex will be used to increase its warehouse space as well as enhance its supply chain and l...

Jenoptik

2017-08-22
Stirom has announced that its net profit increased 77% on the year in the first half of 2017 to RON 20.8 million.

Equitycapitalmarkets

2017-08-04
Libbey has reported net sales results in line with company expectations; second-half outlook expected to demonstrate...

Finances

2017-08-02
Continued strong business performance and favourable non-operational tailwinds drive 2017 earnings guidance higher.

Increaseinnetsales

2017-08-01
Sika has reported results in line with market expectations, being kept on track to achieve its full-year sales target...

12342789161130jpgscioperiinbormiolirocco1

2017-07-31
In 1993, Bormioli Rocco was obliged to pay Parma City Council a considerable sum of money for purification and sewage...

4.288 Total news items for this channel since 1996
Next »
Page  1 2 3 4 5 6 7 8 9 10... Last of 103 
Other channels: A.T.I.V. Articles - Adhesives and sealants - Advanced electronics - Anniversary - Art & culture - Autoglass - Automation and it - Automotive glass - Batch plants - Building applications - Case history - Coatings - Cold-end - Company financial news - Company news - Conditioning - Containers - Conveyors - Cooperation - Country outlook - Crystal - Cullet treatment - Cutting technology - Decoration - Design - Diamond Tools - Directives - Double glazing - Ecology - Edging - Energy saving - Events - Fibre treatment - Forming - Furnace technology - Glazing / Insulating Glass - Government - Grinding and bevelling - Handling - Hot-end equipment - Ig equipment - Industry update - Innovation - Inspection - Laminating - Legal news - Machinery developments - Manufacturing technology - Markets & trends - Mergers, acquisitions & disposals - Mirror technology - Mould technology - Other news - Palletising/depalletising - People - Personnel & industrial relations - Photovoltaic glass - Plant technology - Printing and tempering - Processing - Product news - Production costs - Recycling - Refractories - Representative organizations - Research and development - Resin technology - Safety glass - Science & technology - Screen printing equipment - Sealants - Sector trends - Software - Specialist applications - Statistics - Storage and handling - Surface treatment - Surveys - Tableware - Tempering technology - Testing - Thermal imaging - Thermal insulation - Treatment plants - Tube production - Viewpoint - Worker safety -

Our Glass Magazines & Annual Guides Read online free of charge

Glass-Technology International
 
Glass Machinery Plants & Accessories
 
World Glass Directory
 
Flat Glass World Directory
 
Return to top

Powered by GlassOnline Logo

Copyright © A151 S.r.l. 1996-2022 - All rights reserved

A151 S.r.l. - publications@glassonline.com - Cookie policy
Registered office: Via Antonio Gramsci, 57 - 20032 Cormano (MI), Italy
Company registry - Milan, REA No.: MI-2111551 | Share capital: € 10,000 | P.IVA/VAT No.: IT 02769870342