Ardagh Metal Packaging Sa Stock Price, News & Analysis

Ardagh Metal Packaging (AMP) announced plans to invest $200 million in a new beverage can plant in Northern Ireland, near Belfast, to serve the growing demand in Ireland, the UK, and Europe. This facility is part of a broader multi-billion dollar investment strategy aimed at expanding recyclable metal packaging capabilities. The plant will create numerous full-time jobs and is expected to operate in 2023. AMP aims to enhance sustainability and reduce carbon emissions by localizing production.

Ardagh Metal Packaging S.A. (NYSE: AMBP) reported a 15% increase in revenue for Q3 2021, reaching $1,038 million, compared to $899 million in Q3 2020, driven by higher metal costs and favorable volume/mix effects. Adjusted EBITDA rose 17% to $176 million, despite a cybersecurity incident costing $11 million. The company is raising its full-year Adjusted EBITDA outlook to at least $660 million. Strategic investments in the UK and southwestern US will enhance production capacity. However, global beverage can shipments were down 6% due to market softness, particularly in hard seltzer.

Ardagh Group S.A. (NYSE: ARD) announced the final results of its exchange offer for all outstanding Class A Common Shares (AGSA Shares) for Ardagh Metal Packaging S.A. (NYSE: AMBP) shares. The exchange, which closed on October 5, 2021, saw 15,755,304.7 AGSA Shares (84.38% of total shares) exchanged for 39,388,152 AMPSA Shares. This move allows AGSA to maintain approximately 75% ownership of AMPSA, resulting in a public float of around 25%. Following this successful exchange, AGSA will initiate voluntary delisting from NYSE.

Ardagh Metal Packaging announced its Third Quarter 2021 earnings call scheduled for October 28, 2021. A results release will be available on their website at midday BST (07:00 EST) on the same day. The investor webcast and conference call is set for 14:00 BST (09:00 EST). Interested participants can join the webcast via the provided link or dial in using the US number +1 323 794 2093 or international number +44 330 336 9105, using conference code 3746074.

Ardagh Group S.A. announced the preliminary results of its exchange offer for Class A Common Shares (ARD) for shares of Ardagh Metal Packaging S.A. (AMBP) on October 6, 2021. Approximately 15,869,750 AGSA Shares, or 85% of total outstanding stock, were validly tendered, leading to the planned exchange of about 39,674,374 AMPSA Shares. Following the exchange, AGSA expects to hold 75% of AMPSA, enhancing public float to 25%. The AGSA Shares were delisted from NYSE on October 5, 2021, post successful exchange offer completion.

On September 24, 2021, Ardagh Group S.A. (NYSE: ARD) announced its decision to voluntarily delist its Class A common shares from the NYSE after completing an exchange offer. Shareholders will receive 2.5 shares of Ardagh Metal Packaging S.A. (NYSE: AMBP) for each AGSA share. The exchange offer will end at 11:59 p.m. on October 5, 2021, with plans to file for delisting on October 6. This move aims to eliminate inefficiencies from dual public trading and reporting obligations. AGSA does not plan to list shares on another exchange.

Ardagh Group S.A. (NYSE: ARD) announced a special cash dividend of $1.25 per common share, payable on October 12, 2021, to shareholders on record by October 4, 2021. This dividend is in addition to the regular quarterly dividend of $0.15, payable on October 1, 2021, to shareholders of record by September 17, 2021. The announcement follows an exchange offer where Ardagh Group is proposing to exchange shares for Ardagh Metal Packaging S.A. (NYSE: AMBP). Ardagh operates 57 facilities globally, employing over 16,000 people, with sales around $7 billion.

Ardagh Group S.A. (NYSE: ARD) has announced an exchange offer to acquire all outstanding Class A Common Shares (AGSA Shares) in exchange for 2.5 Ardagh Metal Packaging S.A. (NYSE: AMBP) shares. The offer will start on September 7, 2021, following AMPSA's recent listing on the New York Stock Exchange. Once concluded, AGSA intends to delist its shares and deregister under the Securities Exchange Act, streamlining operations between the two entities. Completion of the offer hinges on a minimum of 60% of AGSA Shares being tendered.

On July 29, 2021, Ardagh Metal Packaging S.A. (AMP) reported a revenue increase of 19% for Q2 2021, reaching $991 million, driven by growth in the Americas (21%) and Europe (17%). Adjusted EBITDA rose 24% to $173 million. Year-to-date revenue of $1.93 billion showed a 16% increase. The company announced it would soon execute a new $300 million ABL facility, adding to $600 million cash on hand. Despite a cyber security incident impacting $15 million, production remained stable. AMP's business combination with Gores Holdings V is set for vote on August 3, 2021, with shares trading under ticker AMBP from August 5, 2021.