Diageo (DGE)

Sector:

Beverages

Index:

FTSE 100

2,925.50p
   
  • Change Today:
    -12.50p
  • 52 Week High: 3,777.00
  • 52 Week Low: 2,685.50
  • Currency: UK Pounds
  • Shares Issued: 2,228.03m
  • Volume: 2,466,966
  • Market Cap: £65,181m
  • RiskGrade: 122

Diageo to increase its stake in Kenya's East African Breweries

By Josh White

Date: Friday 14 Oct 2022

LONDON (ShareCast) - (Sharecast News) - Distilling giant Diageo announced on Friday that, through its wholly-owned indirect subsidiary Diageo Kenya Limited, it has served notice on East African Breweries of its intention to increase its equity stake up to 65%.
The company said it would make the move through a partial tender offer made to other shareholders of EABL.

As of Friday morning, Diageo Kenya held 50.03% of the issued share capital of EABL.

EABL is listed on the main investment market segment of the Nairobi Securities Exchange.

"Subject to receipt of the relevant regulatory approvals, details of the proposed partial tender offer will be set out in a tender offer document, which will be made available to shareholders of EABL," Diageo said in its statement.

"Diageo Kenya does not intend to make a takeover offer for EABL and will apply to the Capital Markets Authority in Kenya for an exemption from complying with the requirement to make a takeover offer."

At 1153 BST, shares in Diageo were up 1.67% at 3,675p.

Reporting by Josh White at Sharecast.com.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Diageo Market Data

Currency UK Pounds
Share Price 2,925.50p
Change Today -12.50p
% Change -0.43 %
52 Week High 3,777.00
52 Week Low 2,685.50
Volume 2,466,966
Shares Issued 2,228.03m
Market Cap £65,181m
RiskGrade 122

Diageo Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
92.86% below the market average92.86% below the market average92.86% below the market average92.86% below the market average92.86% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Price Trend
29.71% below the market average29.71% below the market average29.71% below the market average29.71% below the market average29.71% below the market average
80% below the sector average80% below the sector average80% below the sector average80% below the sector average80% below the sector average
Income
38.46% below the market average38.46% below the market average38.46% below the market average38.46% below the market average38.46% below the market average
33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average33.33% below the sector average
Growth
10.28% below the market average10.28% below the market average10.28% below the market average10.28% below the market average10.28% below the market average
25% below the sector average25% below the sector average25% below the sector average25% below the sector average25% below the sector average

What The Brokers Say

Strong Buy 4
Buy 5
Neutral 9
Sell 3
Strong Sell 3
Total 24
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Diageo Dividends

  Latest Previous
  Interim Final
Ex-Div 29-Feb-24 24-Aug-23
Paid 17-Apr-24 12-Oct-23
Amount 32.05p 49.17p

Trades for 28-Mar-2024

Time Volume / Share Price
17:19 177 @ 2,937.31p
17:19 229 @ 2,932.39p
16:35 1,575,647 @ 2,925.50p
16:35 51 @ 2,925.50p
16:35 1,369 @ 2,925.50p

Diageo Key Personnel

Chair Javier Ferrán
CEO Debra Crew
CFO Lavanya Chandrashekar

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