QUANTUM FOODS HOLDINGS LIMITED - Update on disposal of Tydstroom Abbatoir Business in Hartebeespoort

QUANTUM FOODS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration Number: 2013/208598/06
Share Code: QFH
ISIN Number: ZAE000193686
('the Company')



UPDATE ON DISPOSAL OF TYDSTROOM ABBATOIR BUSINESS IN
HARTEBEESPOORT


Shareholders are referred to the announcement released by the

Company on SENS on 11 May 2015 ('the Announcement'), advising

shareholders that the Company and Quantum Foods Proprietary

Limited, being a wholly-owned subsidiary of the Company

(collectively 'the Sellers'), have entered into an agreement

with Sovereign Food Investments Limited and Crown Chickens

Proprietary Limited, in terms of which the Sellers disposed of

the Tydstroom abbatoir business in Hartebeespoort, Gauteng

('the Business'), as a going concern, which Business relates

to the slaughtering and processing of broilers for human
consumption ('the Transaction').


Shareholders are hereby advised that all of the conditions

precedent to the Transaction, as set out in the Announcement,

have been fulfilled and accordingly the Transaction is now
unconditional.


7 October 2015
Wellington

Sponsor
PSG Capital Proprietary Limited


Date: 07/10/2015 04:30:00 Supplied by www.sharenet.co.za                     
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