Recommended Cash Offer - Thorntons

Peel Hunt is acting as broker to Ferrero International S.A. on its Recommended Cash Offer (made by Ferholding UK Ltd, a wholly owned subsidiary of Ferrero International S.A) for Thorntons PLC at a price of 145 pence in cash for each Thornton share which values the fully diluted share capital of Thorntons PLC at c. £111.9m, as announced on 22nd June, 2015.