Further to our previous announcements in July and September 2011 regarding the disposal of Spicers to Unipapel SA, DS Smith Plc is pleased to confirm that this transaction has now completed. The enterprise value for Spicers is £200 million, and net proceeds, after tax and related costs, are c. £160 million. Following the disposal, the Group is focused on its recycled packaging businesses.
DS Smith Plc +44 (0) 1628 583 400
Miles Roberts Group Chief Executive
Steve Dryden Group Finance Director
Rachel Stevens Head of Investor Relations
Tulchan 020 7353 4200
James Macey White