Spicers disposal update

RNS Number : 7702U

Smith (DS) PLC

30 December 2011

 



30 December 2011

Disposal of Spicers completed

Further to our previous announcements in July and September 2011 regarding the disposal of Spicers to Unipapel SA, DS Smith Plc is pleased to confirm that this transaction has now completed. The enterprise value for Spicers is £200 million, and net proceeds, after tax and related costs, are c. £160 million. Following the disposal, the Group is focused on its recycled packaging businesses.

Enquiries

DS Smith Plc               01628 583 400

Miles Roberts                Group Chief Executive

Steve Dryden                Group Finance Director

Rachel Stevens              Head of Investor Relations

Tulchan                       020 7353 4200

John Sunnucks

David Allchurch

James Macey White

 

END

 

 

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