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On 1 May 2025, De La Rue plc completed the sale of its Authentication division to CA-MC Acquisition UK Limited, a subsidiary of Crane NXT, Co. Following this, the Group's existing revolving credit facility was repaid in full. A sum of £30m was also paid to the trustee of the Group's defined benefit pension scheme as an accelerated deficit repair contribution.
| Date | 1 May 2025 |
| Time | 12:10:54 |
| Category | Disposals |
| ID | 0867H |
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION.
1 May 2025
De La Rue plc
Completion of sale of Authentication division
De La Rue plc (LSE: DLAR) ("De La Rue" or the "Group" or the "Company") is pleased to announce the completion of the sale of its Authentication division to CA-MC Acquisition UK Limited ("CA-MC"), a subsidiary of Crane NXT, Co. (together with CA-MC, "Crane NXT") in accordance with the terms of the share purchase agreement entered into on 4 April, as referred to in our previous announcements of 15 October 2024 and 7 April 2025.
As a result, the Group's existing revolving credit facility has been repaid in full and a sum of £30m has been paid to the trustee of the Group's defined benefit pension scheme by way of an accelerated deficit repair contribution.
Enquiries:
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De La Rue plc |
+ 44 (0)7990 337707 |
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Clive Whiley |
Chairman |
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Clive Vacher |
Chief Executive Officer |
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Louise Rich |
Head of Investor Relations |
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Deutsche Numis |
+ 44 (0)207 260 1000 |
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(Sole Financial Adviser and Joint Broker) |
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Jonathan Wilcox |
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Luke Bordewich |
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Kevin Cruickshank |
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Raed El Dana |
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Investec |
+ 44 (0)207 597 5970 |
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(Joint Broker) |
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David Anderson |
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Charlotte Young |
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Brunswick |
+ 44 (0)207 404 5959 |
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Stuart Donnelly |
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Ed Brown |
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About De La Rue
Founded in 1813, De La Rue is a leading commercial supplier of banknotes and a long-standing trusted partner to central banks and governments worldwide. Our products underpin the integrity of economies and trade, enabling businesses and citizens to participate securely in the global economy. By supporting physical currency, we help ensure financial inclusion for those who might otherwise lack access to payment systems.
Headquartered in Basingstoke, UK, De La Rue operates on a truly global basis, supplying 54% of the world's central banks and manufacturing in the UK, Europe and Asia. We offer world-leading banknote design and technical support, fully finished banknotes and advanced security features, including our durable SAFEGUARD® polymer substrate. Our products are optimised for ease of manufacture, reduced environmental impact and cash cycle efficiency.
De La Rue's commitment to high Environmental, Social and Governance standards is reflected in our multiple international certifications, including ISO 14001 (environmental), ISO 37001 (anti-bribery) and ISO 27001 (information security), among others. We are consistently ranked among the Financial Times European Climate Leaders and are a founding member of the Banknote Ethics Initiative (BnEI), reinforcing our role as a transparent and ethical partner.
De La Rue's shares are traded on the London Stock Exchange (LSE: DLAR). De La Rue plc's LEI code is 213800DH741LZWIJXP78. For further information please visit www.delarue.com.