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AFGRI LIMITED - The merging of the Agricultural Retail and Partrite Businesses of Afgri Operations Limited with Senwes Limited

Release Date: 12/04/2013 11:55
Code(s): AFR     PDF:  
Wrap Text
The merging of the Agricultural Retail and Partrite Businesses of Afgri Operations Limited with Senwes Limited

AFGRI Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1995/004030/06
ISIN: ZAE000040549
JSE share code: AFR
("AFGRI" or "the Company")

THE MERGING OF THE AGRICULTURAL RETAIL AND PARTRITE BUSINESSES OF
AFGRI OPERATIONS LIMITED ("AFGRI OPERATIONS") WITH THE AGRICULTURAL
RETAIL BUSINESS OF SENWES LIMITED ("SENWES")

Shareholders are referred to the SENS announcements of 31 July 2012 and 4 December
2012 (“the previous SENS announcements”) wherein shareholders were advised that
AFGRI Operations, a wholly owned subsidiary of the Company, and Senwes have entered
into binding sale of business agreements with Business Venture Investments No 1658
Proprietary Limited ("Newco") in terms of which, AFGRI Operations and Senwes will merge
their respective agricultural retail businesses (“ the AFGRI Retail Business” and the
“Senwes Retail Business” respectively), as well as the Partrite wholesale business
(“Partrite”) of AFGRI Operations ("the Transaction"). Further to the previous SENS
announcements shareholders are now advised that:

1.   The Competition Tribunal has approved the Transaction.

2.   Accordingly, all the suspensive conditions to the Transaction have now been fulfilled.

3.   The effective date of the Transaction is expected to be 1 June 2013.

12 April 2013

Attorneys for the Company and AFGRI Operations
Webber Wentzel

Attorneys for Senwes
Cliffe Dekker Hofmeyr

Sponsor of the Company
Investec Bank Limited

Date: 12/04/2013 11:55:00 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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