date:Nov 21, 2012
r business.
The cost of implementing the plan is expected to be about 28M and will be reflected in Premier's 2012 and 2013 financial statements.
Most of the cash outflows to implement the proposed changes will take place next year.
Cash impact
Premier said it expected to recover most of the cash impact of the proposed changes in future periods through site disposals, reduced working capital requirements and lower capital expenditure.
The savings from the proposed restructuring are expected