AfriAg PLC - AfriAg Marketing ready for business
RNS Number : 4952P
AfriAg PLC
20 August 2014
 



20 August 2014

 

AfriAg plc

 

("AfriAg" or the "Company")

 

 

AfriAg's new wholly owned AfriAg Marketing ready for business

 

AfriAg Plc (AIM: AFRI) is pleased to announce that AfriAg Marketing Pty Ltd ("AfriAg Marketing"), the Company's new wholly-owned agri-produce marketing and sales and distribution division has now been established in South Africa and expects to secure its first contracts shortly.

 

AfriAg Marketing's prime focus will be the sourcing, distribution and marketing of African agri-produce (fresh and frozen) within the Southern African region as well as from Southern Africa to global markets.

 

Funding of working capital for AfriAg Marketing will be provided from AfriAg Plc's current cash reserves.

 

David Lenigas, AfriAg's Chairman, commented:

 

"The process to establish the new wholly owned marketing division has taken a little longer than originally envisaged, however the process is now thankfully complete and AfriAg Market is now fully operational and ready for launch, with all the necessary permits in place to import and export goods in an out of Africa."

 

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For further information please contact:

 

AfriAg plc:                                                                                           +44 (0) 20 7440 0640

David Lenigas

Donald Strang

 

Nominated Adviser and Broker:                                               +44 (0) 20 7148 7900

Cairn Financial Advisers LLP

James Caithie / Jo Turner / Carolyn Sansom

 

Public Relations:

Square1 Consulting                                                                        +44 (0) 20 7929 5599

David Bick

Mark Longson

 


This information is provided by RNS
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