Completion of Zam Chick Transaction

RNS Number : 1840E

Zambeef Products PLC

08 May 2013

 

For Immediate Release

8 May 2013

Zambeef Products Plc

("Zambeef" or the "Group")

Completion of Zam Chick Transaction

Further to the announcement of 4 February 2013, Zambeef (AIM:ZAM), the fully integrated agri-business with operations in Zambia, Nigeria and Ghana, is pleased to announce that all the conditions precedent to Completion of its proposed disposal of 49 per cent. of its shareholding in Zam Chick have now been met, which includes inter alia, receipt of approval for the Transaction from the Competition and Consumer Protection Commission of Zambia, and the parties have agreed the effective date of the Transaction to be 31 March 2013.

Capitalised terms in this announcement carry the same meaning as those ascribed to them in the announcement of 4 February 2013, unless the context requires otherwise.

For further information, please contact:

Zambeef Products plc                                                                                   

Francis Grogan, Chief Executive Officer                                                 Tel:  [phone]

Yusuf Koya, Executive Director                                                                  Tel:  [phone]

Strand Hanson Limited                                                                                  Tel: [phone]

Angela Hallett

James Spinney

Panmure Gordon                                                                                             Tel: [phone]

Callum Stewart

Hannah Woodley

Buchanan                                                                           

Mark Edwards                                                                                                   Tel: [phone]

Sophie McNulty

www.buchanan.uk.com

Notes to Editors

Information on Zambeef

The Zambeef Group is one of the largest integrated agri-businesses in Zambia, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, flour, bread, edible oils and stock feed, throughout Zambia, as well as Nigeria and Ghana.  The Group is also one of the largest cereal row cropping operations in Zambia, with approximately 8,350 hectares of irrigated  and approximately 8,650 hectares of rain-fed, arable, developed land available for planting each year.

The Group has approximately 5,000 employees.

Further information can be found on www.zambeefplc.com

This publication is in line with standard practice for London Stock Exchange AIM listed Companies.

 

END

 

 

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