We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Agriterra Limited | AQSE:AGTA.GB | Aquis Stock Exchange | Ordinary Share | GG00BDG13C09 | Ordinary Shares 10p |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 2.00 | 0.50 | 3.50 | 2.00 | 2.00 | 2.00 | 0.00 | 06:56:52 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
TIDMAGTA
RNS Number : 2800U
Agriterra Ltd
16 January 2017
Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture
16 January 2016
Agriterra Ltd ('Agriterra' or the 'Company')
Update on the MBO of Sierra Leone Cocoa Assets
Further to its announcements of 5 October 2016 and 6 January 2017 the Company advises that the proposed management buy-out transaction (the "MBO") of the Company's Sierra Leone cocoa assets (held through equity interests in Baranca Tide Limited and West Africa Cocoa Services Limited, the "Target Companies"), will not be completed as anticipated as the MBO team has failed to secure the finance required to complete the MBO. As advised previously, in such circumstances, the ownership of the Target Companies reverts to the Company.
The Target Companies have a collective current book value of approximately US$350,000 and the underlying assets comprise the necessary infrastructure from which a large scale commercial cocoa plantation and trading business can be developed in Sierra Leone. The Company will now work towards achieving maximum shareholder value from the Target Companies and will consider all avenues to achieve this, including (without limitation) disposal and further development.
Whilst the funds which would have been received from the MBO would have bolstered the Company's cash reserves, the Company's head-office treasury position remains strong at approximately US$2.3m.
** ENDS **
For further information please visit www.agriterra-ltd.com or contact:
Andrew Groves Agriterra Ltd Tel: +44 (0) 20 7408 9200 Daniel Cassiano-Silva Agriterra Ltd Tel: +44 (0) 20 7408 9200 David Foreman Cantor Fitzgerald Tel: +44 (0) Europe 20 7894 7000 Michael Reynolds Cantor Fitzgerald Tel: +44 (0) Europe 20 7894 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCEASFKFFAXEFF
(END) Dow Jones Newswires
January 16, 2017 10:30 ET (15:30 GMT)
1 Year Agriterra Chart |
1 Month Agriterra Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions