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TBS - Tiger Brands Limited - Voluntary announcement: Acquisition of

Release Date: 19/12/2011 09:00
Code(s): TBS
Wrap Text

TBS - Tiger Brands Limited - Voluntary announcement: Acquisition of remaining interests in Langeberg and Ashton Foods (Pty) Limited TIGER BRANDS LIMITED "Tiger Brands" (Incorporated in the Republic of South Africa) (Registration number 1944/017881/06) Share code: TBS ISIN: ZAE000071080 VOLUNTARY ANNOUNCEMENT: ACQUISITION OF REMAINING INTERESTS IN LANGEBERG AND ASHTON FOODS (PTY) LIMITED Tiger Brands advises that agreement has been reached with Ashton Canning Company (Pty) Limited ("Ashton") to acquire the 33.3% shares in Langeberg and Ashton Foods (Pty) Limited that are held by Ashton ("the Acquisition"). As a consequence of the Acquisition, which is effective from 31 October 2011, Tiger Brands (together with its wholly-owned subsidiary, Tiger Consumer Brands Limited) will hold 100% of the issued shares in Langeberg and Ashton Foods (Pty) Limited. Langeberg and Ashton Foods (Pty) Limited accordingly will be a wholly-owned subsidiary of Tiger Brands with effect from 31 October 2011. Langeberg and Ashton Foods (Pty) Limited is a fruit canning business situated in Ashton in the Western Cape and is one of the largest global fruit canners. The majority of its production is exported to markets in the Far East, Europe and Middle East. The Acquisition falls below the transaction thresholds as set out in the JSE Limited Listings Requirements and therefore this is a voluntary announcement for information purposes only. Date: 19 December 2011 Sponsor JP Morgan Equities Limited Date: 19/12/2011 09:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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