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Premier Foods plc (PFD)

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Friday 03 December, 2010

Premier Foods plc

Statement re. Press Comment

RNS Number : 3232X
Premier Foods plc
03 December 2010
 



Premier Foods plc

 

Statement re press speculation

 

Premier Foods notes the recent press speculation regarding its Meat-free business. As stated at the time of its interim results on 4 August, the Board remains open minded about disposals, provided they deliver shareholder value and accelerate the reduction of average net debt/EBITDA.

 

The Group announced on 3 October that it had received approaches for its Meat-free business, including Quorn. Premier Foods confirms that it has received bids from a number of parties, including multinational food groups and private equity firms. Discussions are proceeding and are at an advanced stage with two parties. There can be no guarantee that a sale of its Meat-free business will take place. Further announcements will be made as and when appropriate.

 

 

Premier Foods plc

+44 (0) 1727 815 850

Gwyn Tyley, Director of Investor Relations and M&A




Maitland

+44 (0) 20 7379 5151

Neil Bennett


Brian Hudspith


 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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