Total Produce Plc Total Produce confirms 2013 target (2719F)
May 22 2013 - 1:00AM
UK Regulatory
TIDMTOT
RNS Number : 2719F
Total Produce Plc
22 May 2013
Total Produce plc
Stock Exchange Announcement
Total Produce plc confirms 2013 target
Total Produce plc, Europe's leading fresh produce company, is
pleased to confirm that its previously announced target adjusted
earnings per share in the range of 8.00 cent to 8.80 cent remains
unchanged.
Since the year end, the group concluded an agreement to acquire
a 65% shareholding in the Oppenheimer Group, in two stages over
five years. The acquisition of a 35% shareholding was completed in
January 2013 for an initial cash payment of EUR11.4 million.
Oppenheimer is a leading provider of fresh produce throughout the
USA and Canada with last reported sales of EUR410 million. It
operates from 13 locations throughout the USA and Canada.
In addition in April 2013, the Group completed the sale of its
25.3% shareholding in Capespan Group Limited to Zeder Financial
Services Limited for a cash consideration of EUR22 million.
Total Produce continues to pursue attractive acquisition
opportunities to further expand the Group.
22 May 2013
For further information, please contact:
Brian Bell, Wilson Hartnell PR
Tel: +353-1-669 0030
Ivan Murphy, Davy Corporate Finance
Tel: +353-1-679 6363
Any forward-looking statements made in this press release have
been made in good faith based on the information available as of
the date of the press release and are not guarantees of future
performance. Actual results or developments may differ materially
from the expectations expressed or implied in this press release,
and the company undertakes no obligation to update any such
statements whether as a result of new information, future events,
or otherwise. Total Produce's Annual Report contains and identifies
important factors that could cause these developments or the
company's actual results to differ materially from those expressed
or implied in these forward-looking statements.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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