ROLFES HOLDINGS LIMITED - Group Strategy and Cautionary AnnouncementRelease Date: 07/05/2015 10:15:00 Code(s): RLF
ROLFES HOLDINGS LIMITED
Registration number 2000/002715/06
Share Code: RLF
ISIN Code: ZAE000159836
GROUP STRATEGY AND CAUTIONARY ANNOUNCEMENT
The Rolfes Group?s strategy is built on the global need for food,
water, industrial products and infrastructure in developing
countries and markets.
We are positioning ourselves to provide specialised chemicals and
related products and solutions, to support these needs as a
significant listed player, primarily in Africa but also in other
specific strategically targeted geographical areas, such as Eastern
Europe regarding agricultural products.
We will achieve this by building a substantial industrial group,
targeting four key sectors, being; water, agriculture, food and
industrial. We continue to pursue strategic value enhancing
acquisitions and organic growth by adding to our product basket.
Where necessary we will align with multinational players to gain
access to new technology, products and markets.
In line with our strategy, shareholders are advised that the Company
has entered into certain negotiations, which if successfully
concluded may have a material effect on the price of the Company`s
securities. These negotiations include transactions in respect of:
1. The acquisition of the remaining 30% shareholding in Agchem from
the minority shareholders
2. Further expansion into specialty chemicals
3. The disposal of non-core assets
These transactions are at various stages of completion and full
announcements will be made as soon as definitive transaction and
related funding agreements are entered into.
Accordingly, shareholders are advised to exercise caution when
dealing in the Company`s securities until a further announcement is
7 May 2014
Grindrod Bank Limited
Date: 07/05/2015 10:15:00 Supplied by www.sharenet.co.za
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