Last checked at 28 Feb 2013 07:01
Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture
28 February 2013
Agriterra Ltd ('Agriterra' or 'the Company')
Notice of AGM
Agriterra Ltd, the AIM listed pan African agricultural company, announces that its Annual General Meeting ('AGM') will be held at 2.15 p.m. on 21 March 2013 at Richmond House, St Julian's Avenue, St Peter Port, Guernsey GY1 1GZ.
A notice convening the AGM has been sent to shareholders and is available to download from the Company's website at www.agriterra-ltd.com.
** ENDS **
For further information please visit www.agriterra-ltd.com or contact:
Andrew Groves | Agriterra Ltd | Tel: +44 (0) 20 7408 9200 |
David Foreman | Seymour Pierce | Tel: +44 (0) 20 7107 8000 |
Rick Thompson | Seymour Pierce | Tel: +44 (0) 20 7107 8000 |
Andy Cuthill | MC Peat & Co LLP | Tel: +44 (0) 20 7104 2332 |
Susie Geliher | St Brides Media & Finance Ltd | Tel: +44 (0) 20 7236 1177 |
Notes
Agriterra Ltd is an AIM listed agricultural company with five divisions: beef, maize, cocoa, fruit and palm oil. Its cattle ranching business, Mozbife, has a herd in excess of 5,450 head, a land holding of over 21,000 hectares, a feedlot, a 4,000 head per month capacity abattoir and retail units. In addition to selling meat from its own herds, throughput for the feedlot and abattoir is supplemented with cattle bought in from local communities. The Company also owns a proximal banana plantation and macadamia orchard.
The Company's maize buying and milling operations, DECA and Compagri, are located in Chimoio and Tete in central and north-western Mozambique respectively. These collect maize from circa 350,000 farmers using the Company's own vehicle fleet, process it into maize meal, the African staple, and then sell it back to the local market, into supermarkets and to the World Food Programme.
Agriterra's cocoa business is based in Sierra Leone, through its 100% subsidiary Tropical Farms Limited, which includes buying, trading and production operations. The Company holds over 1,200 hectares of land for cocoa cultivation and also has a strong buying register with three main hub stores, 41 satellite stores and a direct buying register of more than 3,500 farmers across the country. Its strategy is to establish itself as a secure, sustainable and traceable source of supply to meet the requirements of the major cocoa consumers who are placing increased emphasis in this area.