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: +260 (0) 9 7799 9001
Yusuf Koya, Executive Director Tel: +260 (0) 9 7799 9100
Strand Hanson Limited Tel: +44 (0) 20 7409 3494
Angela Hallett
James Spinney
Panmure Gordon Tel: +44 (0) 20 7886 2500
Callum Stewart
Hannah Woodley
Buchanan
Mark Edwards Tel: +44 (0) 20 7466 5000
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.
