Premier Foods plc (PFD) - Disposal of Hain Celestial Shares RNS Number : 7758R Premier Foods plc 22 November 2012 Premier Foods plc ("the Company") PREMIER FOODS ANNOUNCES DISPOSAL OF HAIN CELESTIAL SHARES FOR £32.0m 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 £200 million, satisfied by £170 million in cash and the issue of shares in Hain Celestial with a value of at least £30 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 £32.0m. The total gross proceeds from the disposal therefore amount to £202.0m 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 END DISBTBLTMBMTMMT -0- Nov/22/2012 09:02 GMT
Premier Foods plc PFD Disposal of Hain Celestial Shares
Press spacebar to pause and continue. Press esc to stop.