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com:20091007:RnsG4163A
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RNS Number : 4163A
Uniq PLC
07 October 2009
Uniq plc
7 October 2009
UNIQ PLC ("UNIQ")
COMPLETION OF THE SALE OF FRENCH BUSINESS
Uniq announces that it has today completed the sale of Marie SAS, Uniq's French
chilled and frozen convenience foods business, to Groupe L.D.C. for a total
enterprise value of E71.3 million (£60.9 million). This comprises E60 million
(£51.3 million) for 100% of the equity of Marie, subject to E6 million (£5.1
million) being held in escrow for 18 months, plus an additional E11.3 million
(£9.6 million) repayment of intra-group debt as at completion.
Uniq's Q3 interim management statement for the period from 1 July 2009 to 30
September 2009 will be announced on 15 October 2009.
Note: £/E exchange rate of 1.17 as of 25 June 2009 has been used for translating
all the values relating to this transaction.
For further information:
Martin Beer
Uniq plc
Telephone No. +44 (0) 1753 276011
Julian Walker
Hogarth Partnership Ltd
Telephone No. +44 (0) 207 645 3988
This information is provided by RNS
The company news service from the London Stock Exchange
END
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