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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Greencore Group Plc | LSE:GNC | London | Ordinary Share | IE0003864109 | ORD 1P (CDI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 4.20 | 3.27% | 132.80 | 132.80 | 134.00 | 137.40 | 129.20 | 132.00 | 2,853,413 | 16:35:10 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Pickld Fruit,veg,sauce,seas | 1.91B | 35.9M | 0.0750 | 17.87 | 641.25M |
From Apr 2019 to Apr 2024
TIDMGNC
RNS Number : 2255U
Greencore Group PLC
28 July 2020
28 July 2020
Greencore Group plc
Sale of Molasses Businesses
Greencore Group plc ("Greencore" or "the Group"), a leading manufacturer of convenience foods in the UK, announces today that it has entered into a conditional agreement to sell its interests in its molasses trading businesses to United Molasses Marketing (Ireland) Limited and United Molasses Marketing Limited.
The core activities of these businesses are importing and distributing animal feed across the island of Ireland. The Group is selling its interests for a cash consideration of approximately GBP15.6m, subject to customary working capital adjustments. The proceeds will be used to further strengthen the Group's balance sheet. The Transaction is subject to the approval of relevant anti-trust authorities.
The sale constitutes a Class 2 transaction for the purposes of the UK Financial Conduct Authority's Listing Rules.
For further information, please contact:
Hot Features
Premium
Patrick Coveney Chief Executive Officer Tel: +353 (0) 1 486
3313
Emma Hynes Chief Financial Officer Tel: +353 (0) 1 486
3307
Jack Gorman Head of Investor Relations Tel: +353 (0) 1 486
3308
About Greencore
Greencore is a leading manufacturer of convenience food in the UK. It supplies grocery and other retailers including all of the major UK supermarkets. The Group has strong market positions in a range of categories including sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings.
The Group's medium term financial ambitions are for mid single-digit organic revenue growth, high single-digit Adjusted EPS growth, the conversion of half of its Adjusted EBITDA to Free Cash Flow and for mid-teen ROIC.
For further information go to www.greencore.com or follow Greencore on social media.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
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(END) Dow Jones Newswires
July 28, 2020 02:00 ET (06:00 GMT)
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