Imperial Brands PLC is pleased to confirm receipt today of the deferred consideration of €250 million following the sale of its worldwide premium cigar businesses on 29 October 2020.
This brings the total proceeds received to €1,068 million from the total consideration of €1,225 million. As announced on 29 October 2020, €88 million of the consideration is deferred for 12 months and €69 million is deferred and contingent upon the transfer of the Dominican Republic factory.
The net cash proceeds of €1.1 billion will be used to reduce debt.
ENDS
| Investor Contacts | Media Contacts | ||
| Peter Durman | +44 (0)7970 328 903 | Alex Parsons | +44 (0)7967 467 241 |
| James King | +44 (0)7581 052 880 | Simon Evans | +44 (0)7967 467 684 |
| Jennifer Ramsey | +44 (0)7974 615 739 |
