Circ re. Sweet Spreads and Jellies Disposal

RNS Number : 5533N

Premier Foods plc

01 October 2012

 

1 October 2012

Premier Foods plc
("Premier Foods")

POSTING OF CIRCULAR AND NOTICE OF GENERAL MEETING TO APPROVE THE PROPOSED DISPOSAL OF PREMIER FOODS' SWEET SPREADS AND JELLIES BUSINESS LOCATED IN HISTON, CAMBRIDGESHIRE

Further to the announcement made on 23 August 2012, Premier Foods announces that, following approval by the Financial Services Authority on Friday 28 August 2012, a circular (the "Circular") relating to the proposed disposal of its sweet spreads and jellies business located in Histon, Cambridgeshire to The Hain Celestial Group, Inc. ("Hain") for cash and share consideration of £200 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 and to an agreed pre-sale reorganisation being completed, the disposal is expected to complete on 27 October 2012.

The Meeting will be held at 9:00 am on Thursday 25 October at the London Hilton on Park Lane, 22 Park Lane, London W1K 1BE. 

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 Slaughter and May, One Bunhill Row, London, EC1Y 8YY 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

 

END

 

 

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