Table:
|  | 52 weeks ended | 52 weeks ended |
| --- | --- | --- |
|  | 30 Mar 2019 | 31 Mar 2018 |
|  | £m | £m |
| Sale of goods: |  |  |
| – Hovis | 0.3 | 0.3 |
| Sale of services: |  |  |
| – Hovis | 0.7 | 0.7 |
| – Nissin | 0.2 | 0.1 |
| Total sales | 1.2 | 1.1 |
| Purchase of goods: |  |  |
| – Hovis | 6.3 | 11.9 |
| – Nissin | 10.3 | 7.1 |
| Total purchases | 16.6 | 19.0 |
Paragraphs:
The Group’s associates are considered to be related parties.
As at 30 March 2019 the following are also considered to be related parties under the Listing Rules due to their shareholdings exceeding 10% of the Group’s total issued share capital:
− Nissin Foods Holdings Co., Ltd. (“Nissin”) is considered to be a related party to the Group by virtue of its 19.47% (2017/18: 19.57%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.− Oasis Management Company Ltd (“Oasis”) is considered to be a related party to the Group by virtue of its 11.99% (2017/18: 9.01%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.
− Paulson Investment Company LLC, (“Paulson”) is considered to be a related party to the Group by virtue of its 11.98% (2017/18: 7.39%) equity shareholding in Premier Foods plc and of its power to appoint a member to the Board of directors.
As at 30 March 2019 the Group had outstanding balances with Hovis. Total trade receivables was £0.9m (2017/18: £0.5m) and total trade payables was £0.6m (2017/18: £2.5m).
Question:
What was the equity shareholding of Nissin Food Holdings Co., Ltd. in Premier Foods plc in 2019?
Answer: 19.47%