NWF reaches settlement on claim, expects cash payment

27th Mar 2015 15:11

Animal feeds manufacturer NWF Group has reached a settlement over an undisclosed legal claim it made.The London-listed company added that as a result of the settlement it expected to receive a one-off cash payment, which will boost its expected net debt position at the end of the financial year by approximately £2m.The group said it will report the benefit from the settlement as an exceptional item in its annual results to the end of March.NWF shares were up 1.11% to 137.00p at 15:17 on Friday.