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Update On The Acquisition Of The Olifantskop Feeds Business
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 THE ACQUISITION OF THE OLIFANTSKOP FEEDS BUSINESS
Shareholders are referred to the announcement released by the
Company on SENS on 16 September 2015 (“Announcement”), advising
Shareholders that Quantum Foods Proprietary Limited, being a
wholly-owned subsidiary of the Company (“Purchasers”), had entered
into an agreement with Olifantskop Feeds Proprietary Limited
(“Seller”), in terms of which the Purchaser will acquire the
Olifantskop Feeds Business located in Paterson, Eastern Cape
Province (“Business”), as a going concern, which Business relates
to the producing of animal feed and supplying same to livestock
farmers in the Eastern Cape (“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.
15 January 2016
Wellington
Sponsor and Corporate Advisor
PSG Capital Proprietary Limited
Date: 15/01/2016 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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