Circ re. Sweet Pickles and Table Sauces disposal

RNS Number : 5449S

Premier Foods plc

03 December 2012

 



3 December 2012

Premier Foods plc
("Premier Foods")

POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING TO APPROVE THE PROPOSED DISPOSAL OF PREMIER FOODS' SWEET PICKLES AND TABLE SAUCES BUSINESS LOCATED IN BURY ST. EDMUNDS, SUFFOLK

Further to the announcement made on 30 October 2012, Premier Foods announces that, following approval by the Financial Services Authority on Friday 30 November 2012, a circular (the "Circular") relating to the proposed disposal of its sweet pickles and table sauces business located in Bury St. Edmunds, Suffolk to the Mizkan Group for an aggregate cash consideration of £92.5 million (the "Proposed Disposal") has been posted to shareholders.

The Circular contains a notice of a general meeting (the "Meeting") of Premier Foods to consider and, if thought fit, to approve a resolution authorising Premier Foods to complete the Proposed Disposal.  Subject to shareholders approving the Proposed Disposal, the disposal is expected to complete on 2 February 2013.

The Meeting will be held at 9:00 am on Tuesday 18 December 2012 at Premier Foods' offices, Premier House, Centrium Business Park, Griffiths Way, St Albans, Hertfordshire, AL1 2RE. 

To view the Circular, please go to the Group's website, www.premierfoods.co.uk.  Copies of the Circular are, and will remain, available for inspection at the registered office of Premier Foods at Premier House, Centrium Business Park, Griffiths Way, St Albans, Hertfordshire AL1 2RE and at the offices of Freshfields Bruckhaus Deringer LLP, 65 Fleet Street, London, EC4Y 1HS during normal business hours on any business day with effect from today and up to and including the conclusion of the Meeting.

Copies of the Circular are also available for inspection on the UK Listing Authority's National Storage Mechanism at www.hemscott.com/nsm.do

For further information, please contact:

Premier Foods plc

01727 815 850

Mark Moran (Chief Financial Officer)

Richard Godden (Head of Investor Relations)

Credit Suisse

020 7888 1000

Stuart Field

Michael Taylor

 

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