23 Oct 2013 10:22
23 October 2013
AfriAg plc
("AfriAg" or "the Company")
Investments
and
Implementation of Investing Policy
The board of AfriAg (AIM:AFRI), the AIM-listed agricultural value chain investing company, announces that, on 22 October 2013, the Company invested approximately £201,000 in various quoted agricultural companies in accordance with the Company's stated investing policy.
Following these investments being made, and taken with the Company's previously announced investment in South African agri-logistics business AfriAg (Pty) Ltd in which AfriAg has a 40% shareholding, the Company has now substantially implemented its investing policy in accordance with rule 15 of the AIM Rules for Companies.
Further details on the investments are detailed in the table below:
Company | Number of shares purchased | Investment |
Cranswick plc (LSE:CWK) | 7,500 | £83,523 |
Agriterra Ltd (AIM:AGTA) | 1,000,000 | £23,266 |
Wynnstay Group plc (AIM:WYN) | 3,000 | £18,655 |
Zambeef Products plc (AIM:ZAM) | 80,000 | £29,541 |
Camellia plc (LSE:CAM) | 50 | £4,332 |
Glanbia plc (LSE & ISE:GLB) | 5,000 | £41,972 |
Total | £201,289 |
AfriAg will manage its investment portfolio in line with its investing policy. Investments may be realised from time to time when the directors deem appropriate bearing in mind their performance and other investment opportunities available, with a view to generating returns for shareholders.
For further information:
AfriAg plc: +44 (0) 20 7440 0640
David Lenigas
Donald Strang
Nominated Adviser and Broker:
Allenby Capital Limited +44 (0) 20 3328 5656
Nick Harriss
Nick Athanas
Public Relations:
Square1 Consulting +44 (0) 20 7929 5599
David Bick
Afriag Global (AFRI)