Business
Secures Total Interest in Agr
Secures Total Interest in Agr.
About this update from Pacsco Limited
[{"type":"text","content":"\n RNS Number : 6368E Agriterra Ltd 23 December 2009 \n \nAgriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture\n23 December 2009\nAgriterra Ltd ('Agriterra' or 'the Company')\nSecures Total Interest in Grain Processing and Cattle Ranching Businesses\n\nAgriterra Ltd, the AIM listed company focussed on the agricultural sector in central and southern Africa, announces that it has agreed to acquire the remaining 25 per cent. of the issued share capital of agricultural trading and processing companies Desenvolvimento E Comercialização Agricola Limitada ('DECA') and Compagri Limitada ('Compagri'), and cattle ranching and feedlot production entity, Mozbife Limitada ('Mozbife') from Goodworth Services Limited ('Goodworth') ('the Acquisition'). Following completion of the Acquisition, the Company will own the entire issued share capital of all three companies, following the initial acquisition of a 75 per cent. interest in DECA, Compagri and Mozbife which was completed in February 2009.\n\nUnder the terms of the Acquisition, 10,000,000 new Ordinary Shares in the Company ('the Consideration Shares') will be issued to Goodworth at 6 pence per share. Application has been made today to the London Stock Exchange for the Consideration Shares to be admitted to trading on AIM ('Admission') and it is expected that Admission will occur, and dealings in the Consideration Shares will commence on 31 December 2009. \n\nThe Consideration Shares will, when issued, rank pari passu in all respects with the existing issued shares of Agriterra, including the right to receive any dividends and other distributions declared following Admission. \n\nThe Consideration Shares will represent 1.83% of the enlarged issued ordinary share capital, which will then comprise 547,771,554 ordinary shares of 0.1p each. \n\n** ENDS **\n\nFor further information please visit www.agriterra-ltd.com or contact:\n\n\n\n\nAndrew Groves\n\n\nAgriterra Ltd\n\n\nTel: +44 (0) 20 7408 9200\n\n\n\n\nJonathan Wright\n\n\nSeymour Pierce Ltd\n\n\nTel: +44 (0) 20 7107 8000\n\n\n\n\nHugo de Salis\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\nSusie Callear\n\n\nSt Brides Media & Finance Ltd\n\n\nTel: +44 (0) 20 7236 1177\n\n\n\n\n\nThis information is provided by RNSThe company news service from the London Stock ...