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Real Good Food reaches out-of-court settlement with former sugar supplier

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”

sugar cubes
RGD made a provision of £355,000 for the dispute in last year’s accounts

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.

Quick facts: Real Good Food PLC

Price: 6.15 GBX

LSE:RGD
Market: LSE
Market Cap: £6.12 m
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