AFGRI LIMITED - REVISED OFFER BY AFGRI OPERATIONS LIMITED (`AFGRI OPERATIONS`),
A WHOLLY OWNED SUBSIDIARY OF AFGRI, TO ACQUIRE CERTAIN ASSETS AND LIABILITIES OF
BOLAND AGRI BEHEREND LIMITED (`BOLAND AGRI`) AS A GOING CONCERN
AFGRI LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1995/004030/06
Share Code: AFR
(ISIN: ZAE000040549)
(`AFGRI`)
Revised offer by AFGRI Operations Limited (`AFGRI Operations`), a wholly owned
subsidiary of AFGRI, to acquire certain assets and liabilities of Boland Agri
Beherend Limited (`Boland Agri`) as a going concern
Shareholders are referred to the announcement dated 16 September 2004, wherein
it was reported that the purchase consideration offered for certain of the
assets and liabilities of Boland Agri would be the lesser of the following two
amounts:-
an amount of R178 585 172-00; or
the aggregate value of the specified assets and liabilities, and will be paid in
cash to Boland Agri on the completion date (as defined in the aforementioned
announcement).
AFGRI shareholders are hereby advised that the offer has subsequently been
revised in terms of which the Boland Agri shareholders are now being given the
option to elect to receive their payments in either a combination of Pioneer
Food Group Limited shares and cash, or cash.
Johannesburg
19 October 2004
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
CORPORATE FINANCE
Corporate Advisor to AFGRI
Quaestor Capital
Attorneys to AFGRI
Brink Cohen Le Roux Inc
Date: 19/10/2004 05:40:06 PM
Produced by the JSE SENS Department
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
