Statement re. Press Comment

RNS Number : 3232X

Premier Foods plc

03 December 2010

 



Premier Foods plc

Statement re press speculation

Premier Foods notes the recent press speculation regarding its Meat-free business. As stated at the time of its interim results on 4 August, the Board remains open minded about disposals, provided they deliver shareholder value and accelerate the reduction of average net debt/EBITDA.

The Group announced on 3 October that it had received approaches for its Meat-free business, including Quorn. Premier Foods confirms that it has received bids from a number of parties, including multinational food groups and private equity firms. Discussions are proceeding and are at an advanced stage with two parties. There can be no guarantee that a sale of its Meat-free business will take place. Further announcements will be made as and when appropriate.

Premier Foods plc	[phone]
Gwyn Tyley, Director of Investor Relations and M&A
Maitland	[phone]
Neil Bennett
Brian Hudspith

 

END

 

 

SPCLIFVRFFLVIII