Offer Talks Ended

RNS Number : 3090T

Greencore Group PLC

05 December 2011

 

Greencore Group plc

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION (DIRECTLY OR INDIRECTLY) IN WHOLE OR IN PART, IN OR INTO THE UNITED STATES, CANADA, AUSTRALIA, JAPAN OR ANY OTHER JURISDICTION WHERE TO DO THE SAME WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OF SUCH JURISDICTION.

For Immediate Release

5 December 2011

                                                                                     Offer Talks Ended

On 25 October 2011, Greencore Group plc ("Greencore" or the "Company") announced the receipt of an approach which may or may not lead to an offer for the Company.  The Board emphasised that the discussions were at a preliminary stage and there was no certainty that any offer would be made.  

Such discussions were entered into with a view to establishing whether a proposal acceptable to the Board, which could then be put to shareholders, would be forthcoming.  Given the Board's unanimous view on the strong underlying value of Greencore and the current dislocation in global equity and debt capital markets, both parties have agreed to end discussions.  Accordingly, the Board can confirm that the Company is no longer engaged in any discussions regarding a potential offer for the Company.

As previously announced, Greencore will release its results for the year ending 30 September 2011 tomorrow (6 December 2011).

A copy of this announcement will be available on the website of the Company at www.greencore.com.

ENQUIRIES

Alan Williams

Chief Financial Officer

Tel: [phone]

The Directors of Greencore accept responsibility for the information contained in this announcement.  To the best of the knowledge and belief of the Directors (who have taken all reasonable care to ensure that such is the case) the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

 

END

 

 

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