23rd Nov 2007 12:00
Premier Foods plc23 November 2007 Premier Foods plc Premier Foods plc ("Premier" or the "Company") The Company will today issue a Circular to Shareholders convening anExtraordinary General Meeting ("EGM") to address a technical issue that hasarisen in respect of the second interim and final dividends for the year ended31 December 2006 (the "Dividends"). Although the group of companies, of which the Company is the holding company(the "Group"), had sufficient distributable reserves at the time that theDividends were paid, these distributable reserves had not been distributed fromthe other companies within the Group and passed up to the Company at the date ofthe last annual accounts of the Company, which serve as the reference accountsfor the calculation of the distributable reserves of the Company. Reserves have now been distributed to the Company by its subsidiaries andinterim accounts for the period to 29 September 2007 have been prepared andfiled with the Registrar of Companies. A resolution will therefore be proposedat the EGM to sanction the appropriation of profits to the Dividends, to waiveany rights of the Company against shareholders who received the Dividends andagainst both past and present Directors who approved the payment of theDividends and to approve the Company entering into a deed of release in favourof such shareholders and Directors. Copies of the Circular have been submitted to the UK Listing Authority and willshortly be available for inspection by the public during normal business hourson any weekday (public holidays excepted) at the UK Listing Authority's DocumentViewing Facility, which is situated at The Financial Services Authority, 25 TheNorth Colonnade, Canary Wharf, London E14 5HS. Enquiries: Premier Foods plc Tel: 01727 815850 Paul Thomas Finance DirectorGwyn Tyley Director of Investor Relations Citigate Dewe Rogerson Tel: 020 7638 9571 Michael BerkeleyJustin GriffithsNicola Smith This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Premier Foods