Hilton Food Group plc Acquires Icelandic Group UK
Further to the announcement on 18 October 2017 of the proposed acquisition of Icelandic Group UK Limited and Firm Placing to raise gross proceeds of £55.9 million and the announcement on 6 November 2017 pertaining to the result of the General Meeting and shareholder approval for the Acquisition, Hilton, a leading specialist international meat packing business, announces Completion of the Acquisition and Admission.
The Admission comprising the admission of the New Ordinary Shares pursuant to the Firm Placing Ordinary Shares occurred at 8.00 a.m. today. 7,350,000 New Ordinary Shares were admitted to listing on the premium segment of the Official List of the UK Listing Authority and to trading on the London Stock Exchange's main market for listed securities.
Robert Watson OBE, Chief Executive of Hilton, said:
"We are pleased the acquisition has completed and look forward to broadening our offering into fish and seafood to our UK and overseas customers. We are excited about the opportunities the Seachill acquisition will bring to Hilton and see considerable potential to build the business alongside our existing meat offering."