TIDMMRW

RNS Number : 3489H

Morrison(Wm.)Supermarkets PLC

16 August 2016

News Release

16th August 2016

Morrisons sells its stake in Fresh Direct

Morrisons announced in March 2014 that it would dispose of its investment in US online food retailer Fresh Direct at an appropriate time.

Morrisons has completed the sale of its 10% stake in Fresh Direct for GBP45m in cash. This represents a premium of GBP14m to the GBP31m holding value of the equity investment.

- Ends -

Enquiries:

Wm Morrison Supermarkets plc

 
Andrew Kasoulis   Investor Relations   0778 534 3515 
Julian Bailey     Media Relations      0796 906 1092

Citigate Dewe Rogerson

 
Simon Rigby   Media Relations   0207 282 2847 
Kevin Smith   Media Relations   0207 282 1054

This information is provided by RNS

The company news service from the London Stock Exchange

END

DISEALPKFSEKEFF

(END) Dow Jones Newswires

August 16, 2016 11:00 ET (15:00 GMT)

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