The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Charles Eden - UBS Limited - Analyst
: Hi, good morning. Thanks for taking my question. Just two quick ones for me, please. Firstly, does this transaction in any way change your attitude
towards continued share buybacks in the company?
And then, secondly -- I apologize if I missed this -- but is there any stranded sort of central costs that will be reallocated to the Taste and Nutrition
division following the completion of this transaction? Thank you.
Question: Charles Eden - UBS Limited - Analyst
: That's super. Thank you very much.
Question: Lisa De Neve - Morgan Stanley & Co. International Plc - Analyst
: Hi. Thank you for taking my question. Could you just please outline how the supply arrangements will work with the creamery business over time?
Any detail on that would be very helpful. Thank you.
Question: Lisa De Neve - Morgan Stanley & Co. International Plc - Analyst
: Thank you.
Question: Alex Jones - BofA Global Research - Analyst
: Thank you. Two questions, if I can. The first, just to follow up on Charles' question on the corporate line, I think last year, that was EUR184 million
negative. Should we expect that to remain the same going forward? Is there any cost cutting you can do there in due course?
And then the second question, just on any cash taxes associated with this disposal or want to frame it another way, what's the book value of Dairy
Ireland today? Thank you.
Question: Cathal Kenny - Davy Stockbrokers - Analyst
: Good morning. Thanks for the detail. One question is, from my side, on the metrics. You called out, Marguerite, a positive impact on free cash
conversion. Just any quantum around that, please?
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NOVEMBER 12, 2024 / 7:30AM, KYGa.I - Kerry Group PLC Proposed Sale of Kerry Dairy Ireland
Question: Cathal Kenny - Davy Stockbrokers - Analyst
: Thank you.
Question: Alex Sloane - Barclays - Analyst
: Hi, morning. A couple of questions for me if that's okay. The first one, could you just remind us, in terms of the Co-Op members, what percentage
of shareholding of the plc do they already have? And how has that looked over time? I have in mind that they've been quite sticky shareholders.
But yeah, any color on that would be useful.
And the second one, Marguerite, if you could just give us a bit more color. I think you said returns expected to be kind of neutral of minimal impact,
if you could maybe talk through the dynamics there in a bit more detail would be great. Thanks.
Question: Alex Sloane - Barclays - Analyst
: Many thanks.
Question: Patrick Higgins - Goodbody Stockbrokers - Analyst
: Hi, good morning, everyone. Apologies if I missed this on the call. But could you just give us an idea of what the percentage approval acquired
across the plc and then the Co-Op side?
And then my second question is just, as you know, become a kind of pure-play T&N business, could you look at changing or looking into how you
report maybe different level of disclosure for the T&N business? Thanks.
Question: Patrick Higgins - Goodbody Stockbrokers - Analyst
: Thank you very much.
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