CLR
CLR
CLR - Clover Industries Limited - Competition commission`s withdrawal
CLOVER INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2003/030429/06)
JSE ordinary share code: CLR ISIN: ZAE000152377
("Clover")
COMPETITION COMMISSION`S WITHDRAWAL
Clover`s shareholders are advised that the Competition Commission has
withdrawn its long running referrals of several milk processors, including
Clover that started in December 2006.
The withdrawal follows the Supreme Court of Appeal`s ruling in September 2010
in which it upheld Woodlands Dairy (Pty) Ltd and Milkwood Dairy (Pty) Ltd`s
objections to the Commission`s initiation and investigation.
Clover remains committed to fully co-operating with the Competition
Commission and ensuring that its employees, management and directors do not
engage in any conduct which constitutes a prohibited practice.
To this effect, Clover has numerous initiatives to ensure good corporate
governance across all its operations.
Johannesburg
20 April 2011
Sponsor: RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 20/04/2011 17:00:02 Produced by the JSE SENS Department.
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