Supreme Plc

Equities

SUP

GB00BDT89C08

Electrical Components & Equipment

Market Closed - London S.E. Other stock markets 11:35:08 2024-06-28 am EDT			5-day change	1st Jan Change
165.5 ^GBX	+3.44%		+18.21%	+54.67%

Jun. 24	Supreme to acquire Clearly Drinks for GBP15 million	AN
Jun. 24	Supreme Plc acquired Acorn Topco Limited for £15 million.	CI

Supreme to acquire Clearly Drinks for GBP15 million

June 24, 2024 at 05:42 am EDT

(Alliance News) - Supreme PLC on Monday said it will buy Acorn Topco Ltd, the parent company of Clearly Drinks Ltd.

The Manchester, England-based consumer products manufacturer and supplier said it expects the GBP15 million acquisition to "be immediately earnings enhancing for Supreme."

Supreme noted that in 2023, Clearly reported revenue of GBP22.4 million and adjusted earnings before interest, tax, depreciation and amortisation of GBP3.0 million, with further growth expected for 2024.

Chief Executive Officer Sandy Chadha said: "We are delighted to be acquiring Clearly, a high-quality manufacturer and brand owner of soft drinks, which I believe delivers a significant component of our broader diversification strategy."

Supreme shares rose 4.5% to 143.65 pence each on Monday morning in London.

By Tom Budszus, Alliance News slot editor

Comments and questions to newsroom@alliancenews.com

Latest news about Supreme Plc

Supreme to acquire Clearly Drinks for GBP15 million	Jun. 24	AN
Supreme Plc acquired Acorn Topco Limited for £15 million.	Jun. 23	CI
Supreme expects record sales as tackles changing e-cigarette landscape	Apr. 24	AN
Supreme plc Provides Earnings Guidance for the Twelve Months Ended 31 March 2024	Apr. 24	CI
Pound up after UK budget; Powell does not perturb	Mar. 06	AN
Supreme Plc commences an Equity Buyback Plan for 11,732,113 shares, representing 10% of its issued share capital, under the authorization approved on September 26, 2023.	Feb. 12	CI
Supreme Plc initiates a Market Repurchase.	Feb. 08	CI
Supreme starts previously announced share buyback programme	Feb. 06	AN
Stocks slightly down pre US Fed, Bank of England	Jan. 29	AN
Supreme sets buyback and says "ahead of curve" amid vapes crackdown	Jan. 29	AN
Supreme PLC Shares Rise on Positive Outlook Despite Vaping Ban	Jan. 29	DJ
Britain's disposable vape ban hits stocks, divides experts	Jan. 29	RE
Millions knocked off value of disposable vaping firms ahead of UK ban	Jan. 29	AN
Downbeat trade ahead of US jobs report	Jan. 05	AN
Supreme acquires FoodIQ assets out of administration	Jan. 05	AN
Supreme Plc acquired protein manufacturing assets of FoodIQ UK Holdings Limited from Foodiq Uk Holdings Ltd for £0.17 million.	Jan. 04	CI
Supreme Plc acquired trade and assets of Foodiq Uk Holdings Ltd from Foodiq Uk Holdings Ltd for £0.18 million.	Jan. 04	CI
China e-cigarette titan behind 'Elf Bar' floods the U.S. with illegal vapes	Dec. 06	RE
FTSE 100 Closes Down 0.7% as Light Profit Taking, Luxury Sector Downgrade Weighs	Nov. 28	DJ
Supreme hails Elfbar as interim profit jumps; eyes future surge	Nov. 28	AN
AIM WINNERS & LOSERS: Totally swings to half-year loss on NHS blow	Nov. 28	AN
Stocks slide in Europe; Rolls-Royce outperforms	Nov. 28	AN
Rolls-Royce plans disposals, sets out 2027 targets	Nov. 28	AN
Earnings Flash (SUP.L) SUPREME Reports Fiscal H1 Revenue GBP105.1M	Nov. 28	MT
Earnings Flash (SUP.L) SUPREME Reports Fiscal H1 EPS GBX7.50	Nov. 28	MT

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Company Profile

Supreme plc is a manufacturer, distributor and brand owner of fast-moving consumer products. It supplies products across five categories: batteries, lighting, vaping, sports nutrition and wellness, and branded distribution. It is engaged in supplying a variety of wholesale and domestic batteries including dry cell, specialist and rechargeable batteries. It also offers point of sale (PoS) displays for all of its battery brands. Its household battery brands include Energizer, Duracell, JCB, Panasonic, and others. It supplies a range of formats across its vaping brands, including 88Vape, Liberty Flights, KiK and T-Juice. Its lighting category distributes a range of products to the retail and trade markets, including light-emitting diode (LED) lightbulbs, internal and external light fittings and smart lighting. Its sports nutrition and wellness category offer a range of protein powders, snacks and drinks under its Clearly Drinks, Sci-Mx, Battle Bites, Sealions and Protein Dynamix brands.

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Electrical Components & Equipment

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2024-07-02 - Q4 2024 Earnings Release

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