AFR - AFGRI Limited - Cautionary announcement relating to the potential disposal
AFR
AFR
AFR - AFGRI Limited - Cautionary announcement relating to the potential disposal
by GroCapital Financial Services (Proprietary) Limited of its farmers lending
book to the Land and Agricultural Development Bank of South Africa
AFGRI Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1995/004030/06
ISIN: ZAE000040549
JSE share code: AFR
("AFGRI" or "the Company")
CAUTIONARY ANNOUNCEMENT RELATING TO THE POTENTIAL DISPOSAL BY GRO CAPITAL
FINANCIAL SERVICES (PROPRIETARY) LIMITED ("GROCAP") OF ITS FARMERS LENDING BOOK
TO THE LAND AND AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA ("LAND BANK")
Shareholders are advised that GROCAP, a wholly owned subsidiary of AFGRI
OPERATIONS LIMITED, who in turn is a wholly owned subsidiary of AFGRI, is in
negotiations with the LAND BANK, which negotiations, if successful, will result
in the disposal by GROCAP of its farmers lending book to the LAND BANK ("the
Proposed Transaction").
As the Proposed Transaction may have a material effect on the price of AFGRI`s
shares, AFGRI shareholders are advised to exercise caution when dealing in their
AFGRI shares. A further detailed announcement will be made once definitive
transaction agreements have been concluded between GROCAP and the LAND BANK.
Centurion
4 July 2011
Sponsor
Investec Bank Limited
Date: Produced by the JSE SENS Department.
Date: 04/07/2011 17:30:01 Produced by the JSE SENS Department.
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