Compensation payment

RNS Number : 7673F

Barr(A.G.) PLC

18 November 2020

 

IMMEDIATE RELEASE    18 November 2020

A.G. BARR p.l.c.  

("the Company")

Compensation payment

A.G. BARR p.l.c., which produces and markets some of the UK's leading drinks brands, confirms that, following the previously communicated termination of its sale and distribution agreement with Rockstar Inc., the associated contractual compensation payment has now been received.

The payment, which amounts to £7.6m, will be treated as a one-off exceptional item in the current financial year accounts. 

Despite continued uncertainty associated with the COVID-19 pandemic the Company continues to trade in line with the most recent market guidance as communicated at the interim results in September.

For more information, please contact :

A.G. BARR  0330 390 3900  Instinctif Partners  020 7457 2010/2005

Roger White, Chief Executive  Justine Warren

Stuart Lorimer, Finance Director  Matthew Smallwood

 

END

 

 

MSCFLFEVLRLTLII