PFG - Pioneer Food Group Limited - Implementation of the Pioneer Foods Phase II
PFG
PFG
PFG - Pioneer Food Group Limited - Implementation of the Pioneer Foods Phase II
Broad-Based Black Economic 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")
IMPLEMENTATION OF THE PIONEER FOODS PHASE II BROAD-BASED BLACK ECONOMIC
EMPOWERMENT TRANSACTION ("the Transaction")
Shareholders are referred to the Company`s circular to shareholders dated 19
January 2012 ("the Circular") and to the Company`s subsequent SENS announcements
regarding the Transaction.
Shareholders are advised that the Transaction, insofar as it relates to the
specific issue of ordinary shares in the Company ("Pioneer Foods Shares") to
strategic BEE partners and current and former black directors of the Company
(collectively, "BEE Investors"), has become unconditional and has been
implemented. In this regard, 18 091 661 Pioneer Foods Shares have been issued
to the BEE Investors and were listed this morning on the JSE.
Implementation of the remainder of the Transaction, relating to the issuing of
10 599 998 Pioneer Foods Shares, to a perpetual BEE trust ("BEE Trust") founded
by the Company, is currently in progress and it is anticipated that these shares
will be issued and listed towards the end of March 2012. An announcement will
be made by the Company once the relevant Pioneer Foods Shares have been issued
to the BEE Trust.
Stellenbosch
19 March 2012
Sponsor: PSG Capital (Pty) Limited
Date: 19/03/2012 15:45:20 Produced by the JSE SENS Department.
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