Drinks group C&C has said it is seeking inclusion in the FTSE UK Index Series and will delist from the Euronext Dublin exchange in due course.

It said it was making the move because most of the group's revenues, earnings and activities are now derived in and from the UK after the acquisition of Matthew Clark and Bibendum last year.

However, C&C said it will remain domiciled and tax resident in Ireland, with its registered and corporate head office located in Dublin. 

"The group retains a significant manufacturing, commercial and brand presence in Ireland," the company added.

C&C also said today that it had made a solid start to its new fiscal year with trading to date in line with current market expectations.

In a statement issued ahead of its AGM today, C&C said that 2019 was a transformational year for the group. 

It said the acquisition and subsequent performance of Matthew Clark and Bibendum contributed to earnings growth of over 20%. 

"Reflecting the inherent strength of the C&C business today, our objective is to again deliver double digit EPS growth in FY20. Thereafter, we will target EPS growth in a mid to high single digit range," its CEO Stephen Glancey said. 

Shares in the company moved higher in Dublin trade today.