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HFG Hilton Food Group Plc

909.00
-8.00 (-0.87%)
Last Updated: 14:30:22
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Hilton Food Group Plc LSE:HFG London Ordinary Share GB00B1V9NW54 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -8.00 -0.87% 909.00 908.00 911.00 923.00 898.00 901.00 32,185 14:30:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Meats And Meat Products-whsl 3.99B 36.38M 0.4060 22.44 816.27M

Hilton Food Group PLC Queensland Processing Facility for Woolworths Ltd. (0237R)

06/12/2016 7:00am

UK Regulatory


Hilton Food (LSE:HFG)
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TIDMHFG

RNS Number : 0237R

Hilton Food Group PLC

06 December 2016

6 December 2016

Hilton Food Group plc

("Hilton" or the "Group")

Queensland Processing Facility for Woolworths Ltd.

Hilton Food Group plc ("Hilton") announces that it is to proceed with plans to expand its packing capability in Australia, by constructing a new meat processing facility in Queensland, in order to supply Woolworths Ltd, the leading Australian retailer.

The development is subject to identifying and acquiring the site, government approvals and the negotiation and finalisation of construction and tenure agreements. It is proposed that Hilton's Australian subsidiary, Hilton Foods Australia, will finance the new food packing facility, with current target for the commencement of production of 2020. The new facility will be capable of supplying Woolworths stores in Queensland and adjacent areas of New South Wales, with a range of beef, lamb, pork and added value products. It is expected that Hilton's investment in plant and equipment will be approximately AUS $ 115 m.

This announcement contains inside information which is disclosed in accordance with the Market Abuse Regulation.

Enquiries:

Hilton Food Group plc Tel: +44 (0)1480 387214

Robert Watson OBE, Chief Executive

Nigel Majewski, Chief Financial Officer

Citigate Dewe Rogerson Tel: +44 (0)207638 9571

Louise Mason

Ellen Wilton

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEAFASEEFKFAF

(END) Dow Jones Newswires

December 06, 2016 02:00 ET (07:00 GMT)

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