Completion of Acquisition

RNS Number : 6797J

Zambeef Products PLC

04 July 2011

 



For Immediate Release                                                                                                 4 July 2011

Zambeef Products plc

("Zambeef" or the "Company")

Completion of Acquisition

Zambeef, the fully integrated African agri-business with operations in Zambia, Nigeria and Ghana, is pleased to announce the completion, on 30 June 2011 of the acquisition of the Napamba, Chambatata and Kampemba farms, in Zambia, from ETC Bio-Energy Limited ("ETC"), in accordance with the conditional acquisition agreement between the Company and ETC dated 28 January 2011, (as amended and restated on 26 March 2011 and as further amended by an addendum dated 19 April 2011).

Francis Grogan, Chief Executive Officer of the Company, said "We are delighted to have completed the acquisition in accordance with our stated timetable and look forward to providing shareholders and the market with further operational updates in due course."

- ENDS -

For further information, please contact:

Zambeef Products PLC 

Francis Grogan, Chief Executive Officer                                      + 260 211 369003

Yusuf Koya, Executive Director

Strand Hanson Limited                                                                        

Angela Peace                                                                             [phone]

James Spinney

Renaissance Capital                                                                                         

Mesh Pillay                                                                                [phone]

Buchanan                                                                                            

Mark Edwards                                                                            + 44 (0) 20 7466 5000

Christian Goodbody

 

END

 

 

ACQQZLBBFDFBBBF