Share Name Share Symbol Market Type Share ISIN Share Description
Anglo African NEX:GB00B7V2GY97-GBP NEX Common Stock GB00B7V2GY97
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 0.00 0.00 0.00 0.00 0.00 0.00 0 -
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
- - - -

Anglo African Ag PLC Update on business and corporate activities

14/03/2019 7:00am

UK Regulatory (RNS & others)


 
TIDMAAAP 
 
14 March 2019 
 
                         Anglo African Agriculture plc 
 
                           ("AAAP" or the "Company") 
 
                  Update on business and corporate activities 
 
The Board of AAAP notes the recent fall in the Company's share price over the 
past six weeks and is not aware of any reason for this decrease. 
 
The Company has stated in recent announcements that the business of Dynamic 
Intertrade Pty Ltd (the Company's wholly owned subsidiary) is performing 
significantly better than prior financial years.  Despite this positive news, 
the Board believes that thin share trading volume has accounted for the recent 
fall in the company's share price. 
 
The Board has also indicated that the Company's future growth is aligned to 
that of the Comarco Port in Mombasa, Kenya, to which it has lent $1mn through a 
convertible bond, and is providing advisory services.  The Board is pleased to 
report that business at the Comarco Port is growing strongly. Ground is due to 
be broken in the next few days to commence construction of an LPG plant and 
import terminal. In addition to this, Comarco has entered final discussions on 
a number of significant bulk handling projects, including operations to support 
the proposed large scale Rovuma LNG development in Mozambique. In addition, 
Comarco has chartered a vessel to Tristar (Agility) in support of UN contracts 
in Somalia for a year and is currently undertaking services to Exalo, a Polish 
rig operator. 
 
For further information, please contact: 
 
Anglo African Agriculture plc 
 
David Lenigas, Non-Executive Chairman               +44 (0) 20 7440 0640 
Rob Scott, Executive Director                       +27 84 600 6001 
 
VSA Capital Limited (Financial Adviser and Broker)  +44 (0) 20 3005 5000 
 
Andrew Raca 
 
 
 
 
END 
 

(END) Dow Jones Newswires

March 14, 2019 03:00 ET (07:00 GMT)

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