Irish Continental Group Units (Comp) (CDI) (ICGC): Offer for the company
This situation live
ICGC Irish Continental Group Units (Comp) (CDI)
24 Jul 2026 · offer · +16% until the next step
The Independent ICG Board has undertaken a comprehensive review of the Acquisition and unanimously believes that it delivers compelling value for ICG Shareholders.
27 Aug 2026 · approach · +2% until the next step
the Scheme would have failed if voted on tomorrow
10 Sep 2026 · approved · +2% until the next step
The Independent ICG Board are pleased to announce that ICG Shareholders voted in favour of the Scheme Meeting Resolutions and the EGM Resolutions.
Offer for the company
approved
Boardrecommends
Biddermanagement
As of 5 Oct 2026 ↗
NOV10
Next: High Court sanction hearing on 10 November 2026 in 17 days
Every step · 5
- 24 Jul 2026 offer – The Independent ICG Board has undertaken a comprehensive review of the Acquisition and unanimously believes that it delivers compelling value for ICG Shareholders. ↗
- 27 Aug 2026 approach – the Scheme would have failed if voted on tomorrow ↗
- 28 Aug 2026 offer – the Independent ICG Board announced that it was intended to adjourn the Scheme Meetings and EGM to allow for additional time so that ICG shareholders may... ↗
- 10 Sep 2026 approved – The Independent ICG Board are pleased to announce that ICG Shareholders voted in favour of the Scheme Meeting Resolutions and the EGM Resolutions. ↗
- 5 Oct 2026 approved – the hearing of the application by ICG to the High Court of Ireland for an order sanctioning the Scheme and related matters has been listed by the Court for... ↗
What is happening
Irish Continental Group Units (Comp) (CDI): Offer for the company – approved. ['approved']
- In short
- 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.
- Announced
- 24 Jul 2026 · offer
- Latest
- 5 Oct 2026 · offer
- Offer
- €8.00 cash per share from Bluefin Bidco; terms declared final on 17 August 2026
- Scheme vote
- First Scheme Meeting 79.2% of votes cast in favour, above the 75% threshold (10 September 2026)
- EGM vote
- Resolution 1 (Scheme) 83.3% in favour; Resolution 4 (Management Incentive Arrangement) 76.6% in favour
- Completion
- Q4 2026 expected if approved, per earlier announcements
- Shareholder vote
- Scheme and EGM resolutions approved at the meetings held on 10 September 2026
- NSIA condition
- Satisfied: on 2 October 2026 the Secretary of State notified that no further action will be taken (announced 5 October 2026)
- Objections deadline
- Notice of intention to appear due to A&L Goodbody by 5:30pm (GMT) on 23 October 2026
- Timetable
- Effective Date and closing currently expected some time in November 2026, subject to remaining Conditions including court sanction
What comes next
High Court sanction hearing on 10 November 2026 (10 Nov 2026).
From the company's own announcements. Not investment advice.
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Irish Continental Group plc is the leading Irish-based maritime transport group. The Group’s activities include the transport of passengers, cars and Roll on Roll off (RoRo) freight under the Irish Ferries brand, on routes between each of Ireland, Britain …
Irish Continental Group Units (Comp) (CDI) – company page →