Nomad Foods Limited Findus France CWC Collective Agreement (3035B)
06 Ottobre 2015 - 8:00AM
UK Regulatory
TIDMNHL TIDMTTM
RNS Number : 3035B
Nomad Foods Limited
06 October 2015
6 October 2015
Nomad Foods
Collective Agreement Entered into with the Findus France Central
Works Council; Places Acquisition on Track to Close in Early
November
Nomad Foods Limited (LSE: NHL) announced today that a collective
agreement has been signed between the Findus France Central Works
Council and representatives of Findus France following a meeting on
September 29 in Paris at which representatives of Nomad Foods were
in attendance, including Nomad Foods Chief Executive Officer Stéfan
Descheemaeker.
Stéfan Descheemaeker, Nomad Foods' CEO, commented, "We are
delighted that a constructive agreement has been reached with the
Works Council. This key milestone places us on track to complete
the acquisition of the Findus continental European business in the
coming weeks and also demonstrates our confidence in and commitment
to the long-term success of the Findus business in France. We are
excited to move one step closer towards bringing our highly
complementary businesses together and towards building a diverse
and leading consumer foods company. I am confident that as we
execute on our growth strategy we will bring greater choices to
consumers and create value for all of our stakeholders."
Steven Libermann, CEO of Findus Southern Europe, added: "Findus
France employees can be satisfied by the commitments made by Nomad
Foods for the long-term future of our business and our loyal
customers can be reassured that they will keep enjoying locally
made Findus products".
Nomad Foods expects that the formal opinion with respect to the
transaction will be received from the Findus France Central Works
Council on or around 22 October 2015 and that the transaction will
close in early November 2015, subject to customary closing
conditions, including regulatory approvals.
Forward-Looking Statements and Disclaimers
This announcement does not constitute or form part of any offer
or invitation to purchase, otherwise acquire, issue, subscribe for,
sell or otherwise dispose of any securities, nor any solicitation
of any offer to purchase, otherwise acquire, issue, subscribe for,
sell, or otherwise dispose of any securities.
The release, publication or distribution of this announcement in
certain jurisdictions may be restricted by law and therefore
persons in such jurisdictions into which this announcement is
released, published or distributed should inform themselves about
and observe such restrictions.
Certain statements in this announcement are forward-looking
statements which are based on Nomad's and the acquired business'
expectations, intentions and projections regarding its future
performance, anticipated events or trends and other matters that
are not historical facts, including expectations regarding (i) the
anticipated exercise by Nomad or one of its subsidiaries at the
option of LionGem Sweden 1 AB (the "Seller"), to acquire Findus
Sverige AB and its subsidiaries for approximately GBP500 million (
the "Option Agreement"), (ii) the anticipated closing date of the
transaction, (iii) the success of the unified Findus brand; (iv)
Nomad's future growth opportunities and market share; (v) targeted
synergies; and (vi) the future operating and financial performance
of Nomad. These statements are not guarantees of future performance
and are subject to known and unknown risks, uncertainties and other
factors that could cause actual results to differ materially from
those expressed or implied by such forward-looking statements,
including (i) the ability and willingness of the Seller to exercise
its option under the Option Agreement, (ii) the ability and
willingness of the parties to the definitive sale and purchase
agreement (the "Transaction Agreement"), if entered into, to meet
the closing conditions set forth therein (iii) economic conditions,
competition and other risks that may affect Nomad's or the acquired
business' future performance, (iv) the occurrence of any event,
change or other circumstances that could give rise to the
termination of the Option Agreement or the Transaction Agreement;
(v) the risk that any condition to closing of the Transaction
Agreement may not be satisfied; (vi) the risk that securities
markets will react negatively to the transaction or other actions
by Nomad, the acquired business and the combined group after
completion of the proposed transaction; (vii) the risk that the
proposed transaction disrupts current plans and operations as a
result of the announcement and consummation of the transactions
described herein; (viii) the ability to recognise the anticipated
benefits of the combination of the acquired business and Nomad and
of the combined group to take advantage of strategic opportunities;
(ix) unexpected liabilities incurred or arising from the
acquisition of the acquired business which are not adequately
mitigated in the Transaction Agreement (x) costs related to the
proposed transaction; (xi) the limited liquidity and trading of
Nomad's securities; (xii) changes in applicable laws or
regulations; (xiii) exchange rate fluctuations; (xiv) the
possibility that Nomad or the acquired business may be adversely
affected by other economic, business, and/or competitive factors;
and (xv) other risks and uncertainties.
Given these risks and uncertainties, prospective investors are
cautioned not to place undue reliance on forward-looking
statements. Forward-looking statements speak only as of the date of
such statements and, except as required by applicable law, Nomad
undertakes no obligation to update or revise publicly any
forward-looking statements, whether as a result of new information,
future events or otherwise.
About Nomad Foods Limited
Nomad Foods Limited (LSE: NHL) is a leading packaged foods
company. We aim to build a global portfolio of best-in-class food
companies and brands within the frozen category and across the
broader food sector. More information on Nomad Foods Limited is
available at www.nomadfoods.com.
Media contact:
Guillaume Mandrou, Weber Shandwick
+33 (0)1 47 59 38 70
gmandrou@webershandwick.com
Liz Cohen, Weber Shandwick
+1 212 445 8044
liz.cohen@webershandwick.com
Kelly Clausen, Weber Shandwick
+1 212 445 8368
kgawlik@webershandwick.com
Investor Contact:
John Mills, Partner, ICR
+1-646-277-1254
John.Mills@ICRINC.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
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October 06, 2015 02:00 ET (06:00 GMT)
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