ARL
ARL
ARL - Astral Foods Limited - Voluntary announcement
ASTRAL FOODS LIMITED
"Astral"
(Reg. No. 1978/003194/06)
(Incorporated in the Republic of South Africa)
Share Code: ARL
ISIN Code: ZAE000029757
VOLUNTARY ANNOUNCEMENT
Astral, one of South Africa`s leading poultry producers, has been
informed by the Competition Commission ("Commission") that it received
an application for immunity in terms of its Corporate Leniency Policy
("CLP").
This application for immunity stems from the Commission`s Summons issued
on 14 September 2009 and arose in the context of investigations
initiated by the Commission into poultry feed, poultry breeding stock,
broiler production and poultry products and which summons was addressed
to SAPA, all past and present members of SAPA and other players in the
poultry products industry.
The CLP applicant disclosed conduct alleging its involvement in anti-
competitive conduct in the market for fresh chicken products prior to
2008 and implicated one of Astral`s business units.
Chris Schutte, Chief Executive Officer of Astral, comments: "We have
instructed our attorneys to conduct a comprehensive investigation into
the alleged anti-competitive conduct which occurred between 2003 and
2007. Once the results of the investigation are available, we will
respond appropriately to the allegations."
Astral has also been notified by the Commission of a complaint
investigation pertaining to dairy feed. Astral has instructed its
attorneys to respond as appropriate to the Commission`s queries in this
regard.
Pretoria
9 September 2011
Sponsor
J.P. Morgan Equities LimiteD
Date: 09/09/2011 16:30:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
