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RCL FOODS LIMITED - Acquisition by Oceana Group Limited of the fishing interests of Foodcorp Proprietary Limited

Release Date: 19/12/2014 14:58
Code(s): RCL     PDF:  
Wrap Text
Acquisition by Oceana Group Limited of the fishing interests of Foodcorp Proprietary Limited

RCL Foods Limited
(Incorporated in the Republic of South Africa)
Registration number: 1966/004972/06
ISIN: ZAE000179438
Share code: RCL

ACQUISITION BY OCEANA GROUP LIMITED (“OCEANA”) OF THE FISHING
INTERESTS OF FOODCORP PROPRIETARY LIMITED (“FOODCORP”)

Shareholders are referred to the announcement released on the
Stock Exchange News Service (“SENS”) on 7 November 2013, in which
they were advised that the Competition Commission had approved
the proposed acquisition by Oceana of the fishing interests of
Foodcorp, subject to certain conditions, one of which was not
acceptable to the parties.

Accordingly, the parties filed a Request for Consideration with
the Competition Tribunal, challenging the condition in question.
The Tribunal approved the transaction subject to conditions which
were again not acceptable to the parties. The parties chose to
take the matter on appeal before the Competition Appeal Court,
which court has today upheld the appeal and approved the merger
subject to conditions acceptable to the parties. For more
information, shareholders are referred to the announcement
released by Oceana on SENS today.

Durban
19 December 2014

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited) 

Date: 19/12/2014 02:58:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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