Roebuck Food Group PLC (GB:RFG) has released an update.
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Roebuck Food Group PLC has announced the sale of its animal protein division to Plunkett Matthews for a total consideration of £0.736 million, potentially reducing the group’s debt by £0.636 million and subject to shareholder approval at an upcoming EGM. The move shifts the company’s focus to milling and importing food, plant ingredients, and dry goods, with the disposal not expected to yield any net proceeds beyond debt reduction. Finance Director Gerard Murphy will depart, receiving a year’s salary as severance, while Aidan Hughes will take over his role post-sale.
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