Mincon Group Plc — Capital/Financing Update 2020

May 21, 2020

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author: "Jack Gorman"
date: 2020-05-21 15:23:00+00:00
processing_status: success_python-docx_mammoth

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21 May 2020

Greencore Group plc

Covid Corporate Financing Facility

Greencore Group plc ("Greencore" or “the Group”), a leading manufacturer of convenience foods in the UK, announces that it has received confirmation of its eligibility to access funding under the Covid Corporate Financing Facility (“CCFF”) with an issuer limit under the CCFF of £300m.

For further information, please contact:

Patrick Coveney	Chief Executive Officer	Tel: +353 (0) 1 486 3313
Emma Hynes	Chief Financial Officer	Tel: +353 (0) 1 486 3307
Jack Gorman	Head of Investor Relations	Tel: +353 (0) 1 486 3308

This announcement contains inside information.

About Greencore

Greencore is a leading manufacturer of convenience food in the UK. It supplies grocery and other retailers including all of the major UK supermarkets. The Group has strong market positions in a range of categories including sandwiches, salads, sushi, chilled snacking, chilled ready meals, chilled soups and sauces, chilled quiche, ambient sauces and pickles, and frozen Yorkshire Puddings.

The Group's medium term financial ambitions are for mid single-digit organic revenue growth, high single-digit Adjusted EPS growth, the conversion of half of its Adjusted EBITDA to Free Cash Flow and for mid-teen ROIC.

For further information go to www.greencore.com or follow Greencore on social media.