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Related party transactions

6 Months Ended

Jun. 30, 2025

Related party transactions

Related party transactions

15. Related party transactions

(i)

Pension scheme – the pension schemes are related parties. For details for all significant transactions during the period, see note 11.

(ii)

Services Agreement between the Company and the Ardagh Group. A net charge of $10 million and $19 million has been included in sales, general and administration expenses for the three and six months ended June 30, 2025, respectively (2024: $10 million and $19 million).

(iii)

Earnout Shares – see note 12.

(iv)

Related party transactions and balances between the Group and the Ardagh Group includes a net movement in working capital in the three and six months ended June 30, 2025 of $4 million and $1 million, respectively, related to transaction and other costs charged to the Group by the Ardagh Group (2024: $2 million and $3 million reimbursed to the Group by the Ardagh Group respectively) and a lease liability of $2 million payable to the Ardagh Group at June 30, 2025.

(v)

Dividends – see note 14.

There were no other significant related party transactions in the three and six months ended June 30, 2025.