Acquisition of the Grain Management Business of MGK Bedryfsmaatskappy Eiendoms Beperk
Registration Number: 1995/004030/06
(Incorporated in the Republic of South Africa)
JSE share code: AFR
("AFGRI" or "the Company")
VOLUNTARY ANNOUNCEMENT REGARDING THE ACQUISITION OF THE GRAIN
MANAGEMENT BUSINESS OF MGK BEDRYFSMAATSKAPPY EIENDOMS BEPERK
Shareholders are referred to the SENS announcement of 27 May 2013, (“the previous
SENS announcement”) wherein shareholders were advised that AFGRI Operations Limited,
a wholly owned subsidiary of the Company (“AFGRI Operations”) and MGK
Bedryfsmaatskappy Eiendoms Beperk (“MGK”), have entered into binding sale of business
and lease agreements in terms of which AFGRI Operations will, upon fulfilment of certain
suspensive conditions, acquire the Grain Management business of MGK conducted at the
silos in Pretoria West, Brits, Northam as well as Battery as a going concern and will lease
the Silo Complexes from MGK (“the Transaction”).
Further to the previous SENS announcement shareholders are now advised that all
suspensive conditions have been met including Competition Commission approval and the
Transaction will be implemented with effect from 1 December 2013.
22 November 2013
Sponsor of the Company
Investec Bank Limited
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