Zambeef Products PLC

Regulatory Filings • Jan 5, 2015

National Storage Mechanism | Additional information

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RNS Number : 2055B

Zambeef Products PLC

05 January 2015

5th January 2015                                                               

Zambeef Products plc

("Zambeef" or the "Group")

Potential Zamanita Transaction Update

Zambeef (AIM: ZAM), the fully integrated agribusiness with operations in Zambia, Nigeria and Ghana, announces that it remains in discussions with a third party regarding the potential full disposal of Zamanita Limited (the "Transaction"), the Group's wholly owned subsidiary and one of the largest edible oil and soya meal producers in Zambia.

This announcement is being made following the 'Cautionary Update' announcement made earlier today by the Company on the Lusaka Stock Exchange, which was required under the rules and regulations of that exchange, and follows on from the initial RNS announcement made by the Company regarding the Transaction on 3 December 2014.   

Completion of the Transaction, which is likely to constitute a substantial transaction under the AIM Rules for Companies, remains subject to, inter alia, due diligence and certain conditions precedent and there can be no certainty that any binding offer for Zamanita will ultimately be made, nor as to the final terms of any such offer should one be forthcoming.

For further information, please contact:

Zambeef Products plc                                                                                    Tel:  +260 (0) 211 369003

Francis Grogan, Joint CEO                                                           

Carl Irwin, Joint CEO                                                                      

Strand Hanson Limited                                                                                  Tel: +44 (0) 20 7409 3494

Angela Hallett

James Spinney

Ritchie Balmer

Panmure Gordon                                                                                             Tel: +44 (0) 113 357 1150

Hugh Morgan

Peter Steel                                                                                                                        

Buchanan                                                                                                            Tel: +44 (0) 20 7466 5000

Mark Edwards                                                                                                  

Sophie McNulty

This information is provided by RNS

The company news service from the London Stock Exchange

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