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UBU
UBU
UBU - Ububele Holdings Limited - Voluntary announcement and withdrawal of
cautionary announcement
Ububele Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/011074/06)
Share code: UBU
ISIN: ZAE000144739
("Ububele" or "the Company")
VOLUNTARY ANNOUNCEMENT AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
VOLUNTARY ANNOUNCEMENT: ACQUISITON OF AVELLO AND SO!GO
Shareholders are hereby advised that Ububele Chemicals, a subsidiary of the
Company, has acquired the entire issued share capital of Avello (Pty) Limited
("Avello").
Avello is a wholesale distributer of agrichemicals in the agriculture sector.
Avello is a leading Agrichem distributor in the Limpopo and Cape Provinces. The
addition of Avello to the Ububele group will allow Ububele to take its services
in these areas to a higher level and will enable Ububele to access new markets
in the Agrichem industry. From a strategic point of view this acquisition has
enabled Ububele to take another step forward towards expanding its distribution
network in Southern Africa. Avello has been operating for 5 years and has
established a solid reputation for providing excellent customer service through
its products and associated services.
Shareholders are further advised that Ububele Foods (Pty) Limited, a subsidiary
of the Company, has acquired the entire issued share capital of So Gourmet (Pty)
Limited ("So!Go").
So!Go is a manufacturer and distributor of a range of gourmet condiments, spices
and sauces. SO!GO is an existing well known food brand that compliments
Ububele`s Just Fresh brand in both the fruit and vegetable product ranges.
SO!GO`s range of products comprise of 35 products that are packaged to the
highest international standards and available in more than 30 countries around
the world. SO!GO has won numerous international and local awards in the past for
their creative packaging and product design. Ububele will continue to build the
SO!GO brand, both locally and internationally.
WITHDRAWAL OF CAUTIONARY
Further to the renewal of cautionary announcement published on SENS on
8 April 2011, shareholders are advised that as negotiations have been concluded,
caution is no longer required to be exercised by shareholders when dealing in
the Company`s securities.
18 April 2011
Designated Adviser
PSG Capital (Pty) Limited
Date: 18/04/2011 12:56:01 Produced by the JSE SENS Department.
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