Completion of Disposal

RNS Number : 0318W

Premier Foods plc

23 January 2012

 



Premier Foods Plc ("the Group")

COMPLETION OF THE DISPOSAL OF FOUR IRISH BRANDS TO THE BOYNE VALLEY GROUP

23 January 2012

Further to the announcement on 15 December 2011, Premier Foods is pleased to confirm that it has today completed the disposal of its four Irish Brands comprising Chivers, Gateaux, McDonnells and the Erin licence to the Boyne Valley Group, for a cash consideration of €41.4 million, on a debt free and cash free basis, subject to a post completion stock adjustment.

-Ends-

For further information, please contact:

Premier Foods plc                01727 815850

Lisa Attenborough, Group Director of Communications

Richard Godden, Head of Investor Relations

Maitland                                020 7379 5151

Tom Buchanan

Brian Hudspith

 

END

 

 

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