Premier Foods plc PFD Disposal of Hain Celestial Shares

  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
 
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DISBTBLTMBMTMMT -0- Nov/22/2012 09:02 GMT