AFR - AFGRI Limited - Announcement relating to the disposal by GroCapital
AFR
AFR
AFR - AFGRI Limited - Announcement relating to the disposal by GroCapital
Financial Services Proprietary Limited of its farmer lending book to the Land
and Agricultural Development Bank of South Africa and withdrawal of cautionary
AFGRI Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1995/004030/06
ISIN: ZAE000040549
JSE share code: AFR
("AFGRI" or "the Company")
FULFILMENT OF SUSPENSIVE CONDITIONS TO THE DISPOSAL BY GROCAPITAL FINANCIAL
SERVICES PROPRIETARY LIMITED OF ITS FARMER LENDING BOOK TO THE LAND AND
AGRICULTURAL DEVELOPMENT BANK OF SOUTH AFRICA ("THE TRANSACTION")
Further to the SENS announcement of 24 October 2011, AFGRI is pleased to confirm
that all the conditions precedent to the Transaction have now been fulfilled and
that the effective date of the Transaction is 1 December 2011.
Centurion
5 December 2011
Attorneys for the Company and the Purchaser
Brink Cohen Le Roux
Attorneys for GROCAP
Van der Merwe Attorneys
Attorneys for the Land Bank
Edward Nathan Sonnenbergs Inc
Advisors to the Land Bank
Nedbank Capital
Sponsor of the Company
Investec Bank Limited
Date: 05/12/2011 08:34:01 Produced by the JSE SENS Department.
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