Barr(A.G.) PLC - Rockstar Contract Termination & COVID-19 Update
A.G. BARR p.l.c.
Termination of Rockstar franchise contract & COVID-19 update
A.G. BARR p.l.c., ("A.G. BARR" or the "Group"), which produces and markets some of the UK's leading drinks brands, today confirms receipt of the notice of termination of its sale and distribution contract with
As a consequence the contract will terminate on
In accordance with the terms of the contract, a one-off compensation payment will be paid to the Group, to be calculated post the contract termination date.
As the COVID-19 situation has evolved we have continued to prioritise the safety and wellbeing of our employees, suppliers, customers and consumers. We have successfully introduced a range of enhanced safety and hygiene measures across all our operations. Thanks to the adaptability, resilience and commitment of our workforce, we have maintained continuity of production and continued to deliver our normal high levels of service and quality.
We have taken prudent measures to conserve cash and control costs, our balance sheet remains strong and the business continues to generate positive cashflow.
As previously announced, trading continues to be adversely impacted by the COVID-19 lock-down measures introduced on
Further information on the Rockstar contract termination, and details on the Group's first half performance, will be included in the Group's scheduled trading update on
The Company's Annual General Meeting ("AGM") will be held at its head office on
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
Next update :
This information is provided by RNS, the news service of the
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