TBS - Tiger Brands Limited - Voluntary announcement: Acquisition of
TBS
TIIH
TBS - Tiger Brands Limited - Voluntary announcement: Acquisition of
remaining interests in Langeberg and Ashton Foods (Pty) Limited
TIGER BRANDS LIMITED
"Tiger Brands"
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080
VOLUNTARY ANNOUNCEMENT: ACQUISITION OF REMAINING INTERESTS IN LANGEBERG AND
ASHTON FOODS (PTY) LIMITED
Tiger Brands advises that agreement has been reached with Ashton Canning
Company (Pty) Limited ("Ashton") to acquire the 33.3% shares in Langeberg
and Ashton Foods (Pty) Limited that are held by Ashton ("the Acquisition").
As a consequence of the Acquisition, which is effective from 31 October
2011, Tiger Brands (together with its wholly-owned subsidiary, Tiger
Consumer Brands Limited) will hold 100% of the issued shares in Langeberg
and Ashton Foods (Pty) Limited. Langeberg and Ashton Foods (Pty) Limited
accordingly will be a wholly-owned subsidiary of Tiger Brands with effect
from 31 October 2011.
Langeberg and Ashton Foods (Pty) Limited is a fruit canning business
situated in Ashton in the Western Cape and is one of the largest global
fruit canners. The majority of its production is exported to markets in the
Far East, Europe and Middle East.
The Acquisition falls below the transaction thresholds as set out in the JSE
Limited Listings Requirements and therefore this is a voluntary announcement
for information purposes only.
Date: 19 December 2011
Sponsor
JP Morgan Equities Limited
Date: 19/12/2011 09:00:01 Produced by the JSE SENS Department.
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