PZ Cussons (PZC)

Sector:

Personal Goods

Index:

FTSE 250

103.20p
   
  • Change Today:
      0.40p
  • 52 Week High: 202.00
  • 52 Week Low: 82.90
  • Currency: UK Pounds
  • Shares Issued: 428.72m
  • Volume: 465,362
  • Market Cap: £442.44m
  • RiskGrade: 132
  • Beta: 0.02

PZ Cussons offers to buy out Nigeria minority stake for £23m

By Frank Prenesti

Date: Tuesday 05 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Consumer goods firm PZ Cussons has offered to buy out the minority-held shares of PZ Cussons Nigeria (PZCN) for £22.8m with a plan to de-list the business from the Nigerian stock exchange.
Cussons said buying the 26.73% stake "will significantly simplify and strengthen its business in Nigeria, putting in place a sustainable structure and platform to maximise long-term growth and value".

"The group believes the offer to be attractive for the minority shareholders of PZCN, particularly given the recent macroeconomic developments and foreign exchange challenges," Cussons said in a statement on Tuesday.

The offer will also be subject to the approval of the PZCN board, regulatory approvals and vote of minority shareholders, the maker of Imperial Leather soap added.

Reporting by Frank Prenesti for Sharecast.com

Email this article to a friend

or share it with one of these popular networks:


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.

 

PZ Cussons Market Data

Currency UK Pounds
Share Price 103.20p
Change Today 0.40p
% Change 0.39 %
52 Week High 202.00
52 Week Low 82.90
Volume 465,362
Shares Issued 428.72m
Market Cap £442.44m
Beta 0.02
RiskGrade 132

PZ Cussons Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
75.25% above the market average75.25% above the market average75.25% above the market average75.25% above the market average75.25% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
71.45% below the market average71.45% below the market average71.45% below the market average71.45% below the market average71.45% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Income
44.47% above the market average44.47% above the market average44.47% above the market average44.47% above the market average44.47% above 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
59.8% below the market average59.8% below the market average59.8% below the market average59.8% below the market average59.8% below the market average
45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average45.45% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

PZ Cussons Dividends

  Latest Previous
  Interim Final
Ex-Div 07-Mar-24 02-Nov-23
Paid 04-Apr-24 30-Nov-23
Amount 1.50p 3.73p

Trades for 02-May-2024

Time Volume / Share Price
16:21 3,461 @ 103.07p
16:20 320 @ 103.20p
16:16 553 @ 103.20p
16:16 389 @ 103.00p
16:16 594 @ 103.00p

PZ Cussons Key Personnel

CFO Sarah Pollard

Top of Page