Premier Foods plc Directorate Change (5194K)
January 05 2021 - 2:00AM
UK Regulatory
TIDMPFD TIDMIRSH
RNS Number : 5194K
Premier Foods plc
05 January 2021
5 January 2021
Premier Foods plc (the "Company" or the "Group")
Directorate change
Premier Foods plc today announces that, further to the recent
announcement regarding the reduction in the shareholding position
of Paulson & Co, Inc., ("Paulson"), Orkun Kilic, Non-executive
Director, has notified the Company that he is resigning as a
director with immediate effect. The relationship agreement between
Paulson and the Group has, therefore, come to an end.
The Company today also announces that a revised relationship
agreement between Oasis Management Company Limited ("Oasis") and
the Group has been agreed, and Daniel Wosner, Non-Executive
Director of the Group and nominee of Oasis, will continue to serve
on the Board.
Colin Day, Chairman, said:
"Both Orkun and Daniel have played important roles since joining
the Board nearly two years ago. During this time, the Group has
made substantial progress on its strategic objectives and this
reflects the valuable contributions made by both of them. I would
like to thank Orkun for his services to Premier Foods over this
period and wish him well for the future."
"We look forward to Daniel's ongoing contribution as we seek to
continue to deliver further value for shareholders and other
stakeholders."
A summary of the principal terms of the revised relationship
agreement with Oasis can be found on the Company's website.
Separately, the Group will release its Quarter 3 Trading update
for the thirteen weeks ended 26 December 2020 on 19 January
2021.
Ends
For further information, please contact:
Investors and analysts:
Duncan Leggett, Chief Financial Officer +44 (0) 1727 815 850
Richard Godden, Director of Investor Relations & Treasury
+44 (0) 1727 815 850
Media:
Headland
Ed Young +44 (0) 7884 666830
Francesca Tuckett +44 (0) 7884 667661
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END
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