Premier Foods Regulatory News (PFD)

6 May 2020

Premier Foods plc

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

Preliminary results announcement timing

Further to the Group's announcement on 20 April 2020, and in light of the published guidance by the FRC and FCA, Premier Foods today confirms that it will be delaying the announcement of its Preliminary results for the 52 weeks ended 28 March 2020. The Group had originally intended to release the Preliminary results on 14 May 2020 but, to ensure the Company and its auditors have sufficient time to complete the standard Full year reporting requirements, the Company intends now to release its Preliminary results by the end of June. Confirmation of the exact reporting date will be provided nearer the time.

The Group's guidance for the 52 weeks ended 28 March 2020 remains unchanged. As previously announced, on 20 April 2020, the Group's sales for the fourth quarter of its FY19/20 financial year are expected to be up +3.6% with Trading profit expected to be at the top end of market expectations. The Group expects to comfortably beat its Net debt/EBITDA target of 3.0x at 28 March 2020. As previously indicated, trading in the first few weeks of FY20/21 continues to be ahead of average patterns of demand.

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