PIONEER FOOD GROUP LIMITED - Voluntary update on Quantum Foods (formerly Agri Business)
PFG 201309050042A
Voluntary update on Quantum Foods (formerly Agri Business)
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” or “the Group”)
VOLUNTARY UPDATE ON QUANTUM FOODS (FORMERLY AGRI
BUSINESS)
Shareholders are hereby advised of the intent of the board of directors of the
Company (“the Board”), to restructure the Company’s interest in Quantum Foods,
currently a division of Pioneer Foods (“Quantum Foods”) (“the Quantum Foods
Restructuring”).
Quantum Foods consists of three integrated business units that produce eggs,
chicken products, animal feed and commercial laying hens.
It is Pioneer Foods’ intention to unbundle its interests in Quantum Foods to its
shareholders and subsequently list Quantum Foods as a separate entity on the JSE
subject to market conditions and regulatory requirements, or any other acceptable
corporate action, within approximately 12 months.
Accordingly, Quantum Foods will be treated as an “asset held for sale” at the
Company’s financial year-end, being 30 September 2013.
Shareholders will be kept informed of developments pertaining to the Quantum
Foods Restructuring.
Paarl
5 September 2013
Sponsor
PSG Capital
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