Change of Adviser

RNS Number : 4538A

Agriterra Ltd

21 March 2013

 



Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture

21 March 2013

Agriterra Ltd

('Agriterra' or the 'Company')

Change of Adviser

Agriterra, the AIM listed pan African agricultural company announces that Cantor Fitzgerald Europe has been appointed as the Company's Nominated Adviser & Broker with immediate effect.

This follows the acquisition of certain assets and businesses of Seymour Pierce Limited by Cantor Fitzgerald Europe. For further information see the AIM Notice dated 8 February 2013.

**Ends**

For further details please contact:

Andrew Groves	Agriterra Ltd		Tel: [phone]
David Foreman	Cantor Fitzgerald Europe		Tel: [phone]
Rick Thompson	Cantor Fitzgerald Europe		Tel: [phone]
Andy Cuthill	MC Peat & Co LLP		Tel: [phone]
Susie Geliher	St Brides Media & Finance Ltd		Tel: [phone]

About Cantor Fitzgerald Europe

Cantor Fitzgerald Europe is a leading global financial services firm at the forefront of financial and technological innovation.  It is an unlimited liability company incorporated in the England with its head office at 17 Crosswall, London, E14 2LS. It also operates from branches in Milan, Paris and Tel Aviv.  It is authorised and regulated in the United Kingdom by the Financial Services Authority (reference number 149380), and is a member of the London Stock Exchange.  It provides an array of financial services to global clients including corporate finance, corporate broking, research, equity and fixed income execution, trading and market making, derivatives, fx, spread betting and CFDs.  For more information please visit www.cantor.com.

About Agriterra Ltd

Agriterra Ltd is an AIM listed agricultural company with five divisions: beef, maize, cocoa, fruit and palm oil.  Its cattle ranching business, Mozbife, has a herd in excess of 5,450 head, a land holding of over 21,000 hectares, a feedlot, a 4,000 head per month capacity abattoir and retail units.  In addition to selling meat from its own herds, throughput for the feedlot and abattoir is supplemented with cattle bought in from local communities.  The Company also owns a proximal banana plantation and macadamia orchard.

The Company's maize buying and milling operations, DECA and Compagri, are located in Chimoio and Tete in central and north-western Mozambique respectively.  These collect maize from circa 350,000 farmers using the Company's own vehicle fleet, process it into maize meal, the African staple, and then sell it back to the local market, into supermarkets and to the World Food Programme.

Agriterra's cocoa business is based in Sierra Leone, through its 100% subsidiary Tropical Farms Limited, which includes buying, trading and production operations.  The Company holds over 1,200 hectares of land for cocoa cultivation and also has a strong buying register with three main hub stores, 41 satellite stores and a direct buying register of more than 3,500 farmers across the country.  Its strategy is to establish itself as a secure, sustainable and traceable source of supply to meet the requirements of the major cocoa consumers who are placing increased emphasis in this area. 

 

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