Posting of Circular and Notice of General Meeting

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[{"type":"text","content":"\n \nNOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, WITHIN, INTO OR IN THE UNITED STATES, AUSTRALIA, CANADA, THE REPUBLIC OF SOUTH AFRICA, THE REPUBLIC OF IRELAND OR JAPAN.\n\nFor Immediate Release\n\n1 October 2019\n\nAnglo African Agriculture plc\n\n(“AAA” or the “Company”)\n\nPublication of Circular and Notice of GM\n\nAnglo African Agriculture PLC announces that it is today posting a circular to shareholders (the \"Circular\") and a form of proxy in relation to a general meeting of the Company (the \"General Meeting\") to be convened to consolidate existing ordinary shares at 20 for 1 into new ordinary shares (the “Share Consolidation”) and to obtain authorities to issue new ordinary shares in connection with the acquisition of Comarco Group and associated fundraising that was previously announced on 10 June 2019 (the “Proposed Acquisition”). “Comarco Group” is a group of companies that consists of Consolidated Marine Contractors Limited (CMC); Comarco Properties (EPZ) Limited (CPL); Kenya Marine Contractors (EPZ) Limited (KMC); Touchwood Investments Limited (TIL) and Comarco Supply Base (EPZ) Limited (CSB). As part of the Proposed Acquisition, the Company intends to undertake a fundraising of $15 million in a placing at 10p per new ordinary share together with a proposed vendor placing of $7 million on behalf of certain shareholders of Comarco Group (the “Fundraise”). The Company is concurrently seeking approval for an off-market buyback of shares related to the disposal of Dynamic Intertrade Agri (Pty) Limited (“DIA”).\n\nThe Company is in the process of finalising a Share Registration Document, which is currently being reviewed by the FCA. Once approved the Company intends to publish the Share Registration Document and a copy will be available on the Company's website. Subject to the passing without amendment of each of the Resolutions, the Company intends to undertake the Fundraising and, subject thereto, publish a prospectus and seek admission of the enlarged share capital to trading on the Main Market of the London Stock Exchange (the “Re-Admission”). The exact timing of Re-Admission cannot currently be determined.\n\nCopies of the Circular are available for inspection on the Company website at www.aaaplc.com or can be inspected at Company office, 15-17 Eldon Stree...

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