Further re: Update on potential Ambrosia Disposal

RNS Number : 1906Q

Premier Foods plc

15 February 2019

 

15 February 2019

Premier Foods plc (the "Company")

On 13 November 2018, Premier Foods announced that it was engaged in discussions with third parties regarding the potential disposal of its Ambrosia brand. A number of parties expressed interest in the business, and since the New Year the Company has been engaged in detailed discussions with a small group of potential buyers.

The Board has concluded that in the present business climate the process will not result in a satisfactory financial outcome. As a result, these discussions have now concluded.

~ Ends ~

For further information, please contact:

Investors and analysts:

Alastair Murray, Acting Chief Executive Officer & Chief Financial Officer	[phone]
Richard Godden, Director of Investor Relations & Treasury	[phone]

Media:

Maitland

Clinton Manning	[phone]
Joanna Davidson	[phone]

 

END

 

 

FURGLGDDRDBBGCU