IMU - Imuniti Holdings Limited - Company Announcement
IMU
IMU
IMU - Imuniti Holdings Limited - Company Announcement
Imuniti Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 2004/002282/06)
(JSE Code: IMU & ISIN: ZAE000089199)
("Imuniti" or "the company" or "the group")
COMPANY ANNOUNCEMENT
The Board of Imuniti Holdings is pleased to announce that a five year non-
exclusive manufacturing agreement has been entered into between Impilo
Marketing (a subsidiary of Imuniti Holdings) and Pac-Con Pharmaceuticals in
respect of the manufacture of the Impilo range of products and the Imuniti
Wellness Pack.
This agreement is effective as from 1 April 2010 and is essentially an
extension of the previous one year agreement between the parties which has
already brought considerable benefits to the Impilo Group.
Pac-Con Pharmaceuticals manufactures a wide range of personal care and other
products for some of South Africa`s major FMCG companies and they have
proved to be an ideal manufacturing partner for Impilo. Pac-Con is
currently, at its own expense, undertaking a major upgrade of the Impilo
factory which will cost in excess of R10 million and which will ensure that
the factory is fully compliant with all the relevant MCC requirements into
the future. Both parties are in the process of obtaining the necessary MCC
approval for the new manufacturing arrangement. Ownership of the product
dossiers (product formulae) remains fully the property of Impilo in terms of
this agreement.
A further agreement between Impilo Drugs and Pac-Con Pharmaceuticals in
respect of the rental (with an option to purchase) of the Impilo plant and
equipment has also been concluded.
The above two agreements provide a secure platform for the supply of the
Impilo products and the Imuniti Wellness Pack on a highly cost effective
basis into the future.
DURBAN
20 April 2010
Date: 21/04/2010 08:36:02 Produced by the JSE SENS Department.
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