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MICROMEGA HOLDINGS LIMITED - Acquisition of CSIR Food & Beverage Laboratories

Release Date: 21/09/2016 13:20
Code(s): MMG     PDF:  
Wrap Text
Acquisition of CSIR Food & Beverage Laboratories

MICROmega Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/003821/06)
Share code: MMG ISIN: ZAE000034435
(“MICROmega” or “the Company”)


ACQUISITION OF CSIR FOOD & BEVERAGE LABORATORIES


Shareholders are advised that MICROmega has purchased CSIR Food & Beverage laboratories,
formerly a division of CSIR.

CSIR Food & Beverage laboratories together with Aspirata Auditing Testing and Certification Proprietary
Limited (“Aspirata”), which is an existing subsidiary of MICROmega, will complement and enhance the
risk management, training, consulting and auditing services currently provided by NOSA, a leading global
supplier of occupational risk management services and solutions and a subsidiary of MICROmega.

The CSIR Food and Beverage laboratories provide chemical analytical services that focus on routine
chemical analysis of food, fish and beverage products for external customers in the private and public
sectors. It offers a full range of analytical requirements for the South African and Southern African food
and fishing industries. The laboratories based in Cape Town, Durban and Pretoria offer expertise in
analyses for nutritional labelling, quality control, export regulations and local fortification. The laboratory
in Cape Town is the only one in South Africa equipped to test for marine biotoxins in shellfish products in
support of the Shellfish Monitoring Programme.

The acquisition, due to its size, falls below the transaction threshold as set out in the Listings
Requirements of the JSE Limited and therefore does not require any formal disclosure. However, the
board of directors of MICROmega would like to advise shareholders of this acquisition.


Johannesburg
21 September 2016

Sponsor
Merchantec Capital

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