Premier Capital plc - Transfer of Subsidiary Shares

On 27 December, Premier Capital plc announced that it shall transfer its fully owned subsidiary Premier Capital Hellas S.A. (which operates the McDonald’s restaurant business in Greece) to Premier Capital B.V. which is also fully owned by Premier Capital. The transfer was expected to have been completed by 31 December 2013.

The consideration payable is €5.3 million which will be partly set off against amounts due to Premier Capital plc by Premier Capital BV and the balance to be set off against dividends. The announcement also noted that the transaction will generate an accounting profit of around €1.55 million for Premier Capital plc.