Premier Foods Regulatory News (PFD)

27 May 2022

Premier Foods plc (the "Company" or the "Group")

Directorate change

Premier Foods plc today announces that, further to the recent announcement regarding the reduction in the shareholding position of funds managed by Oasis Management Company Limited ("Oasis"), Daniel Wosner, Non-executive Director, has notified the Group that he will not seek re-election and therefore will step down as a director with effect from the next annual general meeting of the Company, due to take place on 20 July 2022. The relationship agreement with Oasis dated 27 February 2019, as amended on 4 January 2021, will continue whilst Daniel Wosner remains a director of the Company.

Colin Day, Chair, said:

"Since joining the Board, Daniel has made an important and supportive contribution to the Company's strategic thinking, during which time the Group has made substantial progress with its objectives. I would like to thank Daniel for his services to Premier Foods over this period and wish him well for the future."

Daniel Wosner, Managing Director and Head of Europe at Oasis said:

"I am very pleased with the transformation of Premier Foods, achieved under the current management and leadership of the Chair, resolving the issues which had been holding back the Company and implementing a strategy to accelerate growth. I wish the Board and its employees every success going forward as it continues on its journey to deliver further shareholder value".

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About Premier Foods

As one of Britain's largest food producers, we're passionate about food and believe each and every day we have the opportunity to enrich life for everyone. Premier Foods employs over 4,000 people, operating from 15 sites across the country, supplying a range of retail, wholesale, foodservice and other customers with our iconic brands which feature in millions of homes every day. 

Through some of the nation's best-loved brands, including Ambrosia, Batchelors, Bisto, Loyd Grossman, Mr. Kipling, Oxo and Sharwood's, we're creating great tasting products that contribute to healthy and balanced diets, while committing to nurturing our people and our local communities, and going further in the pursuit of a healthier planet, in line with our Purpose of 'Enriching Life Through Food'.