StockMarketWire.com - Meat packing company Hilton Food Group said it set an initial public offer price of 150p a share and expects the market capitalisation of the company to be about £104.5m.

The company said the offer comprises 34.8 mln existing shares or about 50% of the company's issued share capital, implying an offer size of £52.2m.

Hilton Food also said it expects the admission of the shares to the Official List dealings on the main market of the London Stock Exchange to take place on May 17th.