QUANTUM FOODS HOLDINGS LIMITED - Update on the Acquisition of the Galovos Business
QFH 201609120012A
Update on the Acquisition of the Galovos Business
QUANTUM FOODS HOLDINGS LIMITED
Incorporated in the Republic of South Africa
Registration Number: 2013/208598/06
Share Code: QFH
ISIN Number: ZAE000193686
(“the Company”)
UPDATE ON THE ACQUISITION OF THE GALOVOS BUSINESS
Shareholders are referred to the SENS announcement released by
the Company on 26 April 2016 (“Announcement”), advising
Shareholders that Quantum Foods Mozambique, S.A, being a wholly-
owned subsidiary of the Company (“Purchaser”), had entered into a
sale of business agreement with Galovos Limitada (“Seller”), in
terms of which the Purchaser will purchase the Galovos business
from the Seller, which business is conducted as a going concern
in Mozambique (“Business”) and relates to the producing and
selling of commercial eggs in the Mozambican market
(“Transaction”).
The Company is pleased to announce that all the conditions
precedent to the Transaction, as set out in the Announcement,
have been fulfilled and that implementation of the Transaction
will, accordingly, now proceed with effect from 19 September
2016.
12 September 2016
Wellington
Sponsor and Corporate Advisor
PSG Capital Proprietary Limited
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