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Irish Continental Group Units (Comp) (CDI)

ICGC · Main Market · Industrial Goods and Services · mcap £994m · 667.5p 1 open situation →

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Open · 1

Takeover target◷ in 16 days

Offer for the company

approved

Management-led buyout at €8.00 cash was announced on 24 July 2026 and recommended by the Independent Board. Terms were declared final on 17 August. Shareholders approved the Scheme on 10 September 2026. On 5 October 2026 the court hearing was set for 10 November, and the UK NSIA condition was satisfied after notification on 2 October. Closing is expected in November 2026.

Offer
€8.00 cash per share from Bluefin Bidco; terms declared final on 17 August 2026 5 Oct 2026 ↗
Scheme vote
First Scheme Meeting 79.2% of votes cast in favour, above the 75% threshold (10 September 2026) 10 Sep 2026 ↗
EGM vote
Resolution 1 (Scheme) 83.3% in favour; Resolution 4 (Management Incentive Arrangement) 76.6% in favour 10 Sep 2026 ↗
Completion
Q4 2026 expected if approved, per earlier announcements 10 Sep 2026 ↗
Shareholder vote
Scheme and EGM resolutions approved at the meetings held on 10 September 2026 5 Oct 2026 ↗
NSIA condition
Satisfied: on 2 October 2026 the Secretary of State notified that no further action will be taken (announced 5 October 2026) 5 Oct 2026 ↗

Next: High Court sanction hearing on 10 November 2026 · 10 Nov 2026

  1. 5 Oct 2026 offer
  2. 10 Sep 2026 approved
  3. 28 Aug 2026 offer
  4. 27 Aug 2026 approach
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Company filings. Not investment advice.

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