Premier Foods plc Disposal of Hain Celestial Shares (7758R)
November 22 2012 - 4:02AM
UK Regulatory
TIDMPFD
RNS Number : 7758R
Premier Foods plc
22 November 2012
Premier Foods plc ("the Company")
PREMIER FOODS ANNOUNCES DISPOSAL OF HAIN CELESTIAL SHARES FOR
GBP32.0m
On 27 October 2012, Premier Foods completed the disposal of the
Sweet Spreads and Jellies business to The Hain Celestial Group,
Inc. for an aggregate consideration of GBP200 million, satisfied by
GBP170 million in cash and the issue of shares in Hain Celestial
with a value of at least GBP30 million on completion.
The Company is pleased to announce today that it has completed
the disposal of the Hain Celestial shares for total cash
consideration of GBP32.0m. The total gross proceeds from the
disposal therefore amount to GBP202.0m and will be used to pay down
debt.
< ends >
For further information please contact:
Premier Foods plc
Lisa Attenborough, Director of Communications +44 (0) 1727 815
850
Richard Godden, Head of Investor Relations +44 (0) 1727 815
850
Maitland +44 (0) 20 7379 5151
Tom Buchanan
Brian Hudspith
This information is provided by RNS
The company news service from the London Stock Exchange
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