Diversified food company Real Good Food announced on Thursday that it has finalised the terms of funding arrangements with its three major shareholders.
AIM-listed Real Good Food has agreed the sale of the business and certain assets of its non-core trading business, Garretts, to Kent Foods for around £1.8m in cash.
Shares in AIM-listed diversified food business Real Good Food slid on Wednesday after the company said it now expects to make a full-year loss following weaker-than-expected trading late last year.
Baking ingredients business Real Good Food warned on Monday that it will report a loss for the year as higher costs and currency movements take their toll.
AIM-listed Real Good Food Company issued another profit warning on Tuesday as it confirmed that its major shareholders would provide additional funds to support working capital requirements, if needed.
Real Good Food has announced a number of board changes on Tuesday after last week's profit warning, most notably that founder Pieter Totté has stepped down from the board with immediate effect.
AIM-quoted food manufacturer Real Good Food is to buy a 84.33% stake in Wales-based Brighter Foods for up to £9m, on a cash and debt free basis.
Real Good Food updated the market on its trading on Thursday, having previously indicated that it makes the majority of is profits in the second half of the year, which includes the important third quarter trading period for cake decoration and premium bakery in the run up to Christmas.
Diversified food business Real Good Food said its pre-tax loss widened in the six months to the end of September and warned there was a risk its year-end earnings before interest, tax, depreciation and amortisation could miss market expectations.
Real Good Food announced its expansion in the US on Monday through the creation of new subsidiary Renshaw Americas.
Real Good Food revealed that it is planning on paying a first dividend next year and that trading at its bakery and cake decorating businesses has been satisfactory.
Diversified food business Real Good Food swung to a full-year profit thanks to the sale of its sugar division Napier Brown, but revenue dropped sharply.
Real Good Food's wholly-owned subsidiary Haydens Bakery has bought Chantilly Patisserie for £1.75m, using existing cash resources.
As it reorganises under its new 'three pillars' strategy, Real Good Food has warned that profits will be short of market expectations.
Real Good Food's chairman Pieter Totte has gulped down 92,000 shares in the bakery and ingredients specialist at 56.25p.
Shares in AIM-listed medical device group Aortech International surged above 12-month highs as annual losses were more than halved and the company gave bullish indications on cash positivity.
Real Good Foods (RGF) declined after posting a wider loss before tax, but said it remains confident of the future.
Real Good Food, the AIM-listed diversified food company, has announced its group finance director Mike McDonough will leave the business with effect from 31 August.
Real Good Food, the bakery products manufacturer and supplier, has appointed a new managing director for its Rainbow Dust Colours brand.
Real Good Food expects a positive performance at its Renshaw and Haydens brands to help full-year earnings following a profit warning last month.