Real Good Food PLC (LON:RGD) shares rose on Friday afternoon after it reached an out-of-court settlement with one of its former sugar suppliers.
The food ingredients company said the settlement amount was “broadly in line” with the £355,000 provision it made in last year’s accounts.
READ: Real Good Food positive on outlook as restructuring begins to bear fruit
In a brief statement, Real Good Food added that the settlement “[brings] to a satisfactory close a dispute that has been outstanding for more than a year”.
Shares climbed 4% to 6.5p.