12 Aug 2013 10:20
12 August 2013
AfriAg plc
("AfriAg" or the "Company")
AfriAg SA secures exclusive logistics contract for Premier Spring Water in South Africa
AfriAg (AIM: AFRI), the AIM-listed agricultural value chain investing company, is pleased to announce that AfriAg (Pty) Ltd ("AfriAg SA") has secured the exclusive contract to manage the handling and distribution of Premier Spring Water's products throughout South Africa with immediate effect.
Premier Spring Water is a rapidly growing boutique water bottling and distribution company based in South Africa that supplies bottled water for key corporates in South Africa, their two largest customers being Fedics and PWC's offices in South Africa.
AfriAg announced on 30 July 2013 that it had entered into a sale and purchase agreement to acquire a 40% shareholding in AfriAg SA, a South African agri-logistics business, as the Company's first investment under its stated investment policy to invest into the growing African agriculture and logistics sector. The investment remains subject to approval by the South African regulatory authorities.
David Lenigas, Executive Chairman of AfriAg, commented:
"This management and logistics contract provides AfriAg SA with a broad network of distribution throughout South Africa which will allow the company to add additional clients to this existing broad based distribution network."
For further information please contact:
AfriAg plc: +44 (0) 20 7440 0640
David Lenigas
Donald Strang
Nominated Adviser and Broker:
Allenby Capital Limited +44 (0) 20 3328 5656
Nick Naylor
Nick Athanas
Public Relations:
Square1 Consulting +44 (0) 20 7929 5599
David Bick
Notes to Editors:
AfriAg's vision for the future is to build a series of partnerships and alliances with specialist companies operating in agri-logistics throughout Africa to create the first truly pan-African agri-logistics conglomerate with offices and representative offices across Africa. We are confident that AfriAg SA is the first of many partnerships we will create throughout the continent. The aim is to provide each customer with a bespoke 'field-to-fork' service at the right value, at the right time and at the right quality.