Voluntary Announcement: Acquisition of remaining interests in Langeberg and Ashton Foods (Pty) Limited



Tiger Brands advises that agreement has been reached with Ashton Canning Company (Pty) Limited ("Ashton") to acquire the 33.3% shares in Langeberg and Ashton Foods (Pty) Limited that are held by Ashton ("the Acquisition").

As a consequence of the Acquisition, which is effective from 31 October 2011, Tiger Brands (together with its wholly-owned subsidiary, Tiger Consumer Brands Limited) will hold 100% of the issued shares in Langeberg and Ashton Foods (Pty) Limited. Langeberg and Ashton Foods (Pty) Limited accordingly will be a wholly-owned subsidiary of Tiger Brands with effect from 31 October 2011.

Langeberg and Ashton Foods (Pty) Limited is a fruit canning business situated in Ashton in the Western Cape and is one of the largest global fruit canners. The majority of its production is exported to markets in the Far East, Europe and Middle East.

The Acquisition falls below the transaction thresholds as set out in the JSE Limited Listings Requirements and therefore this is a voluntary announcement for information purposes only.

Date: 19 December 2011

Sponsor
JP Morgan Equities Limited
distribué par

Ce noodl a été diffusé par Tiger Brands Ltd. et initialement mise en ligne sur le site http://www.tigerbrands.co.za. La version originale est disponible ici.

Ce noodl a été distribué par noodls dans son format d'origine et sans modification sur 2011-12-19 08:09:26 AM et restera accessible depuis ce lien permanent.

Cette annonce est protégée par les règles du droit d'auteur et toute autre loi applicable, et son propriétaire est seul responsable de sa véracité et de son originalité.