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TBS - Tiger Brands Limited - Competition Commission announcement - Oceana

Release Date: 09/05/2012 15:15
Code(s): TBS
Wrap Text

TBS - Tiger Brands Limited - Competition Commission announcement - Oceana Fishing Group Limited TIGER BRANDS LIMITED "Tiger Brands", or "the Company" (Incorporated in the Republic of South Africa) (Registration number 1944/017881/06) Share code: TBS ISIN: ZAE000071080 COMPETITION COMMISSION ANNOUNCEMENT - OCEANA FISHING GROUP LIMITED We refer to the announcement issued today by the Competition Commission regarding a settlement reached between the Competition Commission and Oceana Group Limited. Reference is made in that announcement to the shareholders` agreement between Tiger Brands and Brimstone Investments Corporation Limited in respect of Sea Harvest Corporation Limited ("Sea Harvest") that was signed in 2000 and which is no longer in place, as Tiger Brands sold its shareholding in Sea Harvest in 2009. Having taken legal advice, Tiger Brands is of the view that the shareholders agreement did not contravene any provision of the Competition Act. Tiger Brands has informed the Commission that, as it consistently has done in the past, it will constructively engage and co-operate with the Commission with a view to bringing this matter to a conclusion. Bryanston Date: 9 May 2012 Sponsor J.P. Morgan Equities Limited Date: 09/05/2012 15:15:03 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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