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Mauritian firm ups stake in Real Good Food

Mon, 18th Jun 2012 08:09

Mauritius outfit Omincane is to increase its stake in theReal Good Food Company (RGFC), which owns a portfolio of sugar, bakery and patisserie firms.Omincane is paying 60p a share, a 9.1% premium to the closing price of RGFC on the trading day before the announcement, to increase its holding in the UK company to 20%, in a deal that will net RGFC £2.4m in funds. The proceeds will be used to reduce RGFC's borrowings.Omnicane will get to appoint a representative to the board of RGFC and the two companies will explore joint venture opportunities in the future.Omnicane is the biggest sugar producer in Mauritius and one of the largest producers of refined white sugar amongst all African, Caribbean and Pacific nations.Its interest in RGFC is the firm's Napier Brown division which is a major player in the sugar distribution business, offering Omnicane an important route to market.For its part, Omnicane offers a low cost model for refining sugar, supported by the connected process of energy production.Jacques D'Unienville, Omnicane Chief Executive Officer, said: "We have known Napier Brown and RGFC for a long time and are delighted to be now working together. Both businesses can learn from each other - with the impending changes in the sugar market, the timing couldn't be better."RGFC shares had climbed 3% by 8:20.BS
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17 May 2018 16:45

Real Good Food Confirms GBP8.2 Million Shareholder Funding

LONDON (Alliance News) - Real Good Food PLC on Thursday said it had confirmed agreements for funding from major shareholders worth GBP8.2 million.Earlier in May, the company had said Napier

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4 May 2018 16:27

Real Good Food Secures GBP8.2 Million From Major Shareholders

LONDON (Alliance News) - Real Good Food PLC said Friday it agreed terms for at least GBP8.2 million funding from major shareholders.This follows an end of March announcement by the company

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27 Mar 2018 17:10

Real Good Food Secures GBP4 Million Loan From Major Shareholders

LONDON (Alliance News) - Shareholders in Real Good Food PLC, a cake decoration and food ingredients company, executed a term sheet providing a loan for GBP4 to pressure

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2 Feb 2017 12:29

Ingredient price rises a concern for Real Good Food

(ShareCast News) - Real Good Food updated the market on its trading on Thursday, having previously indicated that it makes the majority of is profits in the second half of the year, which includes the important third quarter trading period for cake decoration and premium bakery in the run up to Chri

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6 Dec 2016 10:51

Real Good Food warns earnings could fall short of market views

(ShareCast News) - Diversified food business Real Good Food said its pre-tax loss widened in the six months to the end of September and warned there was a risk its year-end earnings before interest, tax, depreciation and amortisation could miss market expectations. The company reported a loss before

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19 Sep 2016 09:47

Real Good Food expands cake decorating business into US

(ShareCast News) - Real Good Food announced its expansion in the US on Monday through the creation of new subsidiary Renshaw Americas. Renshaw Americas has secured a five-year lease on a 18750 sq ft. warehousing facility in Rockaway, New Jersey, which the company said was an ideal location for onwa

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12 Sep 2016 11:03

Real Good Food baking up maiden dividend

(ShareCast News) - Real Good Food revealed that it is planning on paying a first dividend next year and that trading at its bakery and cake decorating businesses has been satisfactory. On the day of the AIM-listed food manufacturing company's annual shareholder meeting, executive chairman Pieter Tot

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1 Aug 2016 12:23

Real Good Food swings to FY profit but revenues drop

(ShareCast News) - Diversified food business Real Good Food swung to a full-year profit thanks to the sale of its sugar division Napier Brown, but revenue dropped sharply. In the year to the end of March, the company generated a statutory pre-tax profit of £12.9m compared to a loss of £3.5m the year

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19 May 2016 09:46

Real Good Food Opens Technology And Training Hub In Liverpool

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26 Apr 2016 08:22

Real Good Food Annual Earnings To Be Line With Current Expectations

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10 Feb 2016 13:53

Real Good Food buys Devon-based Chantilly Patisserie

(ShareCast News) - Real Good Food's wholly-owned subsidiary Haydens Bakery has bought Chantilly Patisserie for £1.75m, using existing cash resources. For the 12 months to March 2015, Chantilly - a Devon-based producer of handmade frozen desserts - had turnover of £2.5m and earnings before interest,

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10 Feb 2016 09:37

Real Good Food's Haydens Bakery Buys Devon-Based Chantilly Patisserie

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1 Feb 2016 09:46

Real Good Food warns on profits

(ShareCast News) - As it reorganises under its new 'three pillars' strategy, Real Good Food has warned that profits will be short of market expectations. Margins have been squashed due to the heavy investment in staff and development of products and brands as part of the shift to the three pillars o

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1 Feb 2016 08:18

Real Good Food Warns On Full-Year Profit After Heavy Investing

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10 Dec 2015 08:48

Real Good Food Buys ISO2 Nutrition Business From Administrators

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