Business
Disposal of Hain Celestial Shares
Disposal of Hain Celestial Shares.
About this update from Premier Foods Plc
[{"type":"text","content":"\n \nRNS Number : 7758R Premier Foods plc 22 November 2012 \n \n\nPremier Foods plc (\"the Company\")\n \nPREMIER FOODS ANNOUNCES DISPOSAL OF HAIN CELESTIAL SHARES FOR £32.0m\n \nOn 27 October 2012, Premier Foods completed the disposal of the Sweet Spreads and Jellies business to The Hain Celestial Group, Inc. for an aggregate consideration of £200 million, satisfied by £170 million in cash and the issue of shares in Hain Celestial with a value of at least £30 million on completion. \n \nThe Company is pleased to announce today that it has completed the disposal of the Hain Celestial shares for total cash consideration of £32.0m. The total gross proceeds from the disposal therefore amount to £202.0m and will be used to pay down debt.\n \n< ends >\n \nFor further information please contact:\n \nPremier Foods plc\nLisa Attenborough, Director of Communications +44 (0) 1727 815 850\nRichard Godden, Head of Investor Relations +44 (0) 1727 815 850\n \nMaitland +44 (0) 20 7379 5151\nTom Buchanan  ...