REG - Barr(A.G.) PLC - Compensation payment

A G BarrAnnouncement

18/11/2020 14:00

RNS Number : 7673F
  
Barr(A.G.) PLC
  
18 November 2020
  
 

IMMEDIATE RELEASE                                                                            18 November 2020
 
A.G. BARR p.l.c. 
("the Company")
Compensation payment
A.G. BARR p.l.c., which produces and markets some of the UK's leading drinks brands, confirms that, following the previously communicated termination of its sale and distribution agreement with Rockstar Inc., the associated contractual compensation payment has now been received.
 
The payment, which amounts to £7.6m, will be treated as a one-off exceptional item in the current financial year accounts. 
 
Despite continued uncertainty associated with the COVID-19 pandemic the Company continues to trade in line with the most recent market guidance as communicated at the interim results in September.
 
For more information, please contact :
 
A.G. BARR  0330 390 3900                                 Instinctif Partners  020 7457 2010/2005
Roger White, Chief Executive                                          Justine Warren
Stuart Lorimer, Finance Director                                      Matthew Smallwood
 

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