AFGRI LIMITED - Acquisition of the Grain Management Business of MGK Bedryfsmaatskappy Eiendoms Beperk

Release Date: 22/11/2013 15:00
Code(s): AFR
 
Wrap Text
Acquisition of the Grain Management Business of MGK Bedryfsmaatskappy Eiendoms Beperk

AFGRI Limited

Registration Number: 1995/004030/06

(Incorporated in the Republic of South Africa)

ISIN: ZAE000040549

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.



Centurion

22 November 2013



Sponsor of the Company

Investec Bank Limited


Date: 22/11/2013 03:00:00 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.

Email this JSE Sens Item to a Friend.

Share This Story