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RAINBOW CHICKEN LIMITED - Announcement relating to the establishment of a joint hatchery operation in Zambia

Release Date: 30/05/2013 07:05
Code(s): RBW     PDF:  
Wrap Text
Announcement relating to the establishment of a joint hatchery operation in Zambia

Rainbow Chicken Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/004972/06)
Share code: RBW
ISIN: ZAE000019063
(“RCL”)


ANNOUNCEMENT RELATING TO THE ESTABLISHMENT OF A JOINT HATCHERY OPERATION IN
ZAMBIA WITH ZAMBEEF PRODUCTS PLC (“ZAMBEEF”)

Further to the announcements released on SENS on 4 February 2013 and 9 May 2013 relating to the
purchase of a 49% shareholding in Zambeef’s 100% subsidiary Zam Chick Limited, RCL shareholders are
advised that agreement has been reached with Zambeef to establish a broiler parent stock rearing, laying
and hatching operation, Zamhatch Limited, for the supply of day old chicks. RCL and Zambeef will own
51% and 49% respectively of the new Zamhatch business, which is expected to become operational over
the next two to three years.

Durban
30 May 2013



Merchant bank and sponsor to RCL

RAND MERCHANT BANK (A DIVISION OF FIRSTRAND BANK LIMITED)

Date: 30/05/2013 07:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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