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Natchix/Astral - Appeal to the Competition Tribunal

Release Date: 03/04/2002 07:51
Code(s): NCX ARL
Wrap Text
National Chick Limited
(Registration number 1980/008743/06)
(Share code:NCX, ISIN number ZAE000010591
("Natchix")
Astral Foods Limited
(Registration number 1978/003194/06)
(Share code:ARL, ISIN number ZAE000029757)
("Astral")
Appeal to the Competition Tribunal

Shareholders of Astral and Natchix have previously been advised that Astral requested the Competition Tribunal to consider the ruling by the Competition Commission on the acquisition by Astral of all of the shares in Natchix it does not already own ("the acquisition"). Astral and Natchix shareholders are advised that the Competition Tribunal has today approved the acquisition subject to the fulfilment of certain conditions ("the conditions").
The board of directors of Astral will study the Competition Tribunal's ruling, and will advise shareholders as soon as possible of its decision, in light of the conditions: - to implement the acquisition; or - to embark on an alternative course of action. Pretoria 2 April 2002 Adviser and transactional sponsor to Astral Foods Rand Merchant Bank Corporate Finance Adviser to Natchix BoE Sponsor to Astral Foods ING Barings Sponsor to Natchix BoE Securities Corporate law adviser and consultant to Astral Edward Nathan & Friedland (Proprietary) Limited

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