PFG - Pioneer Food Group Limited - Update on implementation of the Pioneer Foods
PFG
PFG
PFG - Pioneer Food Group Limited - Update on implementation of the Pioneer Foods
phase II Broad-Based Black Empowerment Transaction
Pioneer Food Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1996/017676/06
Share code: PFG
ISIN code: ZAE000118279
("Pioneer Foods" or "the Company")
UPDATE ON IMPLEMENTATION OF THE PIONEER FOODS PHASE II BROAD-BASED BLACK
EMPOWERMENT TRANSACTION ("the Transaction")
Shareholders are referred to the Company`s circular to shareholders dated 19
January 2012 ("the Circular") regarding the Transaction, the Transaction having
been subsequently approved by the Company`s shareholders at a general meeting of
shareholders on 17 February 2012.
Shareholders are further referred to the Company`s SENS announcement dated 17
February 2012, in which shareholders were advised that certain conditions
precedent to the Transaction had not yet been fulfilled.
Shareholders are also referred to the important dates and times section of the
Circular, which anticipated that the Pioneer Foods shares to be issued pursuant
to the Transaction ("Pioneer Foods Shares"), would be issued on or about
Wednesday, 29 February 2012.
From a technical perspective, certain conditions precedent to the Transaction
are still in the process of being fulfilled. Accordingly, the issuing of the
Pioneer Foods Shares will not occur on the previously anticipated issue date of
29 February 2012.
The Company is confident that all remaining conditions precedent will be
fulfilled, and the Pioneer Foods Shares will be issued, during March 2012.
An announcement will be made by the Company once the Transaction becomes
unconditional.
Stellenbosch
29 February 2012
Sponsor
PSG Capital (Pty) Limited
Date: 29/02/2012 17:10:52 Produced by the JSE SENS Department.
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