Uvenco Uk Regulatory News (UVEN)

8 April 2014

SnackTime plc

("SnackTime" or the "Group")

Trading Update

SnackTime is pleased to announce that it expects its results for the year ended 31st March 2014 to be in line with market expectations. Sales for the year are expected to be approximately £19m with Ebitda of approximately £1.3m. In addition, the exceptional costs of the recent re-organisation, which is now very nearly complete, are expected to be approximately £400,000 and in line with what was estimated in the half-year announcement in November 2013, producing annualised savings in excess of £600,000.

The Group ended the year with headroom on its £750,000 overdraft facility of £320,000 and following a loan repayment on 7 April 2014 of £290,000 has reduced its Term Loan with the Co-op Bank by £470,000 in the last 9 months to approximately £2.9m. The Group is currently in the process of renegotiating its overdraft facilities with the Co-op Bank which are up for renewal on 5 May 2014.

The sale of Drinkmaster Limited, the Group's in-cup hot beverage packing business based in Cornwall, is progressing well with a number of offers having been received. These offers will be progressed over the next two months.

The Group expects to announce its preliminary results on 4 September 2014.

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