Imperial Brands PLC Update on sale of Premium Cigar Businesses (1169X)
29 Aprile 2021 - 3:54PM
UK Regulatory
TIDMIMB
RNS Number : 1169X
Imperial Brands PLC
29 April 2021
IMPERIAL BRANDS PLC
Legal Entity Identifier (LEI) No. 549300DFVPOB67JL3A42
29 April 2021
Imperial Brands PLC provides an update on sale of its Worldwide
Premium Cigar Businesses
Imperial Brands PLC is pleased to confirm receipt today of the
deferred consideration of EUR250 million following the sale of its
worldwide premium cigar businesses on 29 October 2020.
This brings the total proceeds received to EUR1,068 million from
the total consideration of EUR1,225 million. As announced on 29
October 2020, EUR88 million of the consideration is deferred for 12
months and EUR69 million is deferred and contingent upon the
transfer of the Dominican Republic factory.
The net cash proceeds of EUR1.1 billion will be used to reduce
debt.
ENDS
Investor Contacts Media Contacts
+44 (0)7970 328 +44 (0)7967 467
Peter Durman 903 Alex Parsons 241
+44 (0)7581 052 +44 (0)7967 467
James King 880 Simon Evans 684
Jennifer Ramsey +44 (0)7974 615739
Cautionary Statement
Certain statements in this announcement constitute or may
constitute forward-looking statements. Any statement in this
announcement that is not a statement of historical fact including,
without limitation, those regarding the Company's future
expectations, operations, financial performance, financial
condition and business is or may be a forward-looking statement.
Such forward-looking statements are subject to risks and
uncertainties that may cause actual results to differ materially
from those projected or implied in any forward-looking statement.
These risks and uncertainties include, among other factors,
changing economic, financial, business or other market conditions.
These and other factors could adversely affect the outcome and
financial effects of the plans and events described in this
announcement. As a result, you are cautioned not to place any
reliance on such forward-looking statements. The forward-looking
statements reflect knowledge and information available at the date
of this announcement and the Company undertakes no obligation to
update its view of such risks and uncertainties or to update the
forward-looking statements contained herein. Nothing in this
announcement should be construed as a profit forecast or profit
estimate and no statement in this announcement should be
interpreted to mean that the future earnings per share of the
Company for current or future financial years will necessarily
match or exceed the historical or published earnings per share of
the Company. This announcement has been prepared for, and only for
the members of the Company, as a body, and no other persons. The
Company, its Directors, employees, agents or advisers do not accept
or assume responsibility to any other person to whom this
announcement is shown or into whose hands it may come and any such
responsibility or liability is expressly disclaimed.
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END
MSCUKSORASUSUAR
(END) Dow Jones Newswires
April 29, 2021 09:54 ET (13:54 GMT)
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