Acquisition of interest in Cape Natural Tea Products (Pty) Ltd ("CNT")
Shareholders are advised that the company has recently acquired a 40%
interest in Cape Natural Tea Products (Pty) Ltd ("CNT"), a herbal tea
company based in Cape Town, South Africa, for an initial consideration of
R1,400,000. CNT is a leading producer of the well known Rooibos tea which
only grows in the Cape area of South Africa. The transaction will not have
a material effect on the net asset value or earnings of the company.
Ariston Holdings Limited
The attention of shareholders is drawn to the following announcement
released by the company's 38.63% owned Zimbabwean associate, Ariston
Holdings Limited.
" NOTICE TO SHAREHOLDERS
Shareholders are advised that the majority of the Group's tea, coffee and
macadamia plantations in the Chipinge area and a flower and fruit property,
Claremont Orchards in Nyanga have been served with preliminary notices for
Compulsory Acquisition.
Representations are being made to the relevant authorities and shareholders
will be kept informed of developments."
In the light of the above, the directors cannot provide shareholders with
any certainty as to the future of these operations or their effect on the
earnings of the company.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
