| Wed 18 May 2016, 9:50 | | ZEDER INVESTMENTS LIMITED - Farm-Ag And Zaad Join Forces |
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ZED 201605180013A
Farm-Ag And Zaad Join Forces
Zeder Investments Limited
Incorporated in the Republic of South Africa
Registration number: 2006/019240/06
JSE share code: ZED
ISIN number: ZAE000088431
(“Zeder”)
FARM-AG AND ZAAD JOIN FORCES
Zaad Holdings Limited (“Zaad”), a wholly owned subsidiary of Zeder, serves
as its focused platform for operationally complimentary investments in the
strategic agri-inputs sector. Through investments made to date it has
established itself as a leading producer, marketer and distributor of a wide
variety of agricultural seeds across several countries in Africa and abroad
under established names like Agricol, Bakker Brothers and Klein Karoo Seed
Marketing.
Norman Celliers, CEO of Zeder, stated that “Zeder remains focused on its
strategy of growing the companies within their existing portfolio by
leveraging the strong platforms they have established across the broad
agribusiness industry”.
Shareholders are advised that with effect from 1 May 2016, Zaad has acquired
a 49% stake in the Farm-Ag Group (“Farm-Ag”). Farm-Ag has in recent years
established itself as one of the largest South African owned formulators and
distributors of crop protection chemicals, selling both locally and
internationally.
“We see Zaad as being a perfect fit for Farm-Ag” said Robert Maingard,
Chairman of Farm-Ag, “and we are very much aligned in terms of our expansion
vision both in South Africa and the rest of Africa at large. The potential
for synergies is enormous.”
Antonie Jacobs, CEO of Zaad, stated that he is very pleased with their 49%
stake in Farm-Ag and that it falls very much in line with the Zaad’s overall
focus on strategic agri-inputs.
Stellenbosch
18 May 2016
Transaction Advisor and Sponsor
PSG Capital
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