Real Good Food: Rises on disposal of Brighter Foods

Real Good Food

22/04/2021 12:39

** Shares of diversified food business firm  RGD.L  surge
25% to 3.25p, their biggest intraday pct gain since May   
    ** Co agrees to sell Brighter Foods Ltd for an aggregate
cash consideration of 43 mln pounds ($59.81 mln) to THG Plc
 urn:newsml:reuters.com:*:nASN0013PY
    ** Says Q4 revenue within its Cake Decorations division was
marginally ahead of last year, while revenue within Brighter was
lower
    ** Shares of British e-commerce company THG  THG.L  up 2.6%
at 644.5p
    ** THG says deal is expected to be incremental with revenue
of about 20 mln pounds and adjusted EBITDA of 6.5 mln pounds for
FY 2022  urn:newsml:reuters.com:*:nASN0013Q5

($1 = 0.7190 pounds)

 (Reporting by Shanima A in Bengaluru)
 ((shanima.a@thomsonreuters.com; (Within UK +44 20 7542 1810;
Outside UK+91 80 6182 2587; Direct: +91 77 6034 7399 );))