Information  X 
Enter a valid email address

Greencore Group PLC (GNC)

  Print      Mail a friend       Annual reports

Thursday 16 July, 2020

Greencore Group PLC

Financing Update

RNS Number : 2194T
Greencore Group PLC
16 July 2020
 

16 July 2020 

 

Greencore Group plc

Financing Update

Greencore Group plc ("Greencore" or "the Group"), a leading manufacturer of convenience foods in the UK, confirms that, as referred to in the FY20 Interim Results Statement released on 19 May 2020,  it has secured formal agreement with its Private Placement Note Holders to waive its Net Debt: EBITDA covenant condition for the September 2020 and March 2021 test periods.

 

 

 

For further information, please contact:

 

Patrick Coveney

 

Chief Executive Officer

 

Tel: +353 (0) 1 486 3313

Emma Hynes

Chief Financial Officer

Tel: +353 (0) 1 486 3307

Jack Gorman

Head of Investor Relations

Tel: +353 (0) 1 486 3308

 

 

About Greencore

 

Greencore is a leading manufacturer of convenience food in the UK. It supplies grocery and other retailers including all of the major UK supermarkets. The Group has strong market positions in a range of categories including sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings.

 

The Group's medium term financial ambitions are for mid single-digit organic revenue growth, high single-digit Adjusted EPS growth, the conversion of half of its Adjusted EBITDA to Free Cash Flow and for mid-teen ROIC.

 

For further information go to www.greencore.com or follow Greencore on social media.

 

 

 

 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
MSCVQLBFBDLXBBZ

a d v e r t i s e m e n t