Zambeef Products Share Price (ZAM)

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Share Name Share Symbol Market Type Share ISIN Share Description
Zambeef Products Plc LSE:ZAM London Ordinary Share ZM0000000201 ORD ZMW0.01
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 6.25% 8.50 3,837,365 16:35:25
Bid Price Offer Price High Price Low Price Open Price
8.00 8.50 8.40 7.95 8.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Food Producers 185.54 29.93 -1.63 21
Last Trade Time Trade Type Trade Size Trade Price Currency
16:49:33 O 250,000 8.50 GBX
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Unilever (ULVR), Kerry (KYGA), Ukrproduct (UKR), Walcom (WALG)

Zambeef Products (ZAM) Latest News

Zambeef Products News

Date Time Source Headline
11/6/202114:03ALNCIN BRIEF: Zambeef Products interim profit improves on cost cutting
11/6/202111:30UKREGZambeef Products PLC Half-year Report
04/6/202114:59UKREGZambeef Products PLC Holding(s) in Company
03/6/202113:27ALNCZambeef shares jump after confirming profit expectations beaten by 20%
03/6/202107:00UKREGZambeef Products PLC Trading Statement
06/5/202112:18ALNCZambeef shares jump after raising profit expectations by up to 30%
06/5/202107:00UKREGZambeef Products PLC Half Year Trading Update
10/3/202116:09ALNCEXECUTIVE CHANGES: Computacenter adds former PwC partner to board
10/3/202111:21UKREGZambeef Products PLC Change of Adviser and Directorate Changes
26/2/202117:14ALNCEXECUTIVE CHANGES: Marlowe Poaches From Fullers; RM Promotes To CEO
More Zambeef Products News
Zambeef Products Investors    Zambeef Products Takeover Rumours

Zambeef Products (ZAM) Discussions and Chat

Zambeef Products Forums and Chat

Date Time Title Posts
18/6/202122:53Zambeef 2016 : a tasty bullish play ?190
24/3/201612:32ZAMBEEF ::: 1 of 13 for 2013 says Panmure Gordon552
22/3/201521:29Zambeef23
08/1/201313:38ZAMBEEF ::::::::::::::::: A steak in developing Africa220

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Zambeef Products (ZAM) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2021-06-18 17:49:348.50250,00021,250.00O
2021-06-18 17:48:528.50250,00021,250.00O
2021-06-18 17:43:518.50250,00021,250.00O
2021-06-18 15:50:438.50250,00021,250.00O
2021-06-18 15:46:188.50250,00021,250.00O
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Zambeef Products (ZAM) Top Chat Posts

DateSubject
18/6/2021
09:20		Zambeef Products Daily Update: Zambeef Products Plc is listed in the Food Producers sector of the London Stock Exchange with ticker ZAM. The last closing price for Zambeef Products was 8p.
Zambeef Products Plc has a 4 week average price of 6.75p and a 12 week average price of 5.63p.
The 1 year high share price is 8.45p while the 1 year low share price is currently 4.75p.
There are currently 247,978,195 shares in issue and the average daily traded volume is 108,717 shares. The market capitalisation of Zambeef Products Plc is £21,078,146.58.
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18/6/2021
22:53		dave4545: Some interesting trades in this one today. Big uncrossing trades and a stack of big trades all at 8.5p full offer And the share is breaking out to highs not seen for a few years. Anybody here, no posts in 2021
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24/4/2020
12:44		pre: Tick up - great news for ZAM
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10/1/2020
17:40		cjohn: Hello pre and Value Viper. There are about 300m ordinary shares in issue. There are also about 100m preference shares in issue. These preference shares were sold to CDC, the UK development finance institution, in July 2016, for a total consideration of $55.5m. They accrue 12% annual compound interest should Zambeef CHOOSE to redeem the shares. Meanwhile, they receive the same dividend as the ordinary shares - currently, zero. They are convertible by CDC into ordinary shares at a rate of 1 to 1 until July 2024. Thereafter they are convertible at a rate of just over 3 to 1, 3 ordinaries for every preference share. So let's say, Zambeef choose not to or can't raise the cash to redeem the shares before the 2024 cut-off date. At that point, CDC will convert the shares which will give them 50% of the company. CDC are already a major shareholder here. They hold about 17% of the company (arranged simultaneously with the preference shares in July 2016.) So post-July 2024, CDC will hold 58.5% + of the expanded ordinary share capital, if the preference shares aren't redeemed. Some time ago, Zam expressed the intention of prioritising redeeming the preference shares. This has not happened. To redeem the shares currently, they'd need to raise around $82.5m! My belief is that they are highly unlikely to raise this money. (Nor would it be a sensible use of cash, unless they can take on a new loan at very favourable interest rates.) So it's likely that CDC convert in summer 2024. This will double the number of ordinary shares (and eliminate the preference shares.) and so half the share of all other shareholders. It could also serve as a catalyst for outing value…. So irrespective of the preference shares, I believe the current share price is too low. I have a very small position here - a few thousand pounds. But I think the risk/ reward profile is attractive.
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06/12/2019
18:41		value viper: It's odd price didn't really move todayMaybe despite what they have said, the dire FX situ lessens the net effect to the co or something ?The farm sale whilst good news for realising cash was already in the public domain .... even if it's positive that it will be official soon.At face value, I think market cap way too low but are we missing something here ?I aware of boat loads of pref shares out there ?Asset value of all their farms should be material for starters I think.
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06/12/2019
13:17		pre: rns out...anyone seen this, blimey that's excellent performance: '.. Earnings per Share for the financial year ended 30th September 2019 is expected to be approximately 73% higher (in Kwacha terms) than the corresponding period last year for the Group...'
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17/9/2019
16:38		smackeraim: Interesting. Can you tell me which section in the agreement states that? I can't seem to see it. https://uk.advfn.com/stock-market/london/zambeef-products-ZAM/share-news/Zambeef-Products-PLC-Investment-Agreement-with-CDC/72134505 Only thing I can find is this below, that states the pref shares can convert to 3 ord shares if they have been held for over 8 years. Other than that.. I must have missed it. a) if the Preference Shares are being converted before the eighth anniversary of Completion, each Preference Share shall convert into one Ordinary Share; or b) if the Preference Shares are being converted after the eighth anniversary of Completion, each Preference Share shall convert into 3.0833 (recurring) Ordinary Shares (rounded down to nearest whole number of Ordinary Shares).
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30/3/2019
20:39		newtothisgame3: #Zambeef #Products PLC (LON:#ZAM), which had its share price chopped by 9.6% to 9.8p after its profits for 2019 were predicted to be over a third lower than the market expected.https://twitter.com/smallcappick/status/1112091994392838145
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04/9/2017
21:00		value viper: US trade bodies pledge support to Zambian companies September 4, 2017124 views Share on Facebook Tweet on Twitter The World Trade Center Los Angeles (WTCLA) and the Los Angeles County Economic Development Corporation (LAEDC) have pledged to help Zambian companies to explore markets in the United States of America. WTCLA International Trade Manager Michael Smith says the LAEDC is determined to provide business assistance through market research to Zambian businesses wishing to locate or expand operations in Los Angeles County. “The LAEDC stands ready to help Zambian companies build capacity to allow them to tap into the U.S market in sectors such as agriculture, manufacturing, construction, and technology skills transfer,” he said. The Corporation is the largest County economy in the U.S. with the Gross Domestic Product (GDP) of over 640 billion United States Dollars. To this end, the USA Firm based in the US of California State says it is planning to visit Zambia next year to explore areas of investment in the country. He further urged the Embassy of Zambia in Washington D.C to avail WTCLA with detailed specifics of projects seeking investment in various sectors in order to position Zambia as a choice of investment destination. WTCLA is an affiliate of the LAEDC and is Los Angeles County’s leading promoter and facilitator of global connections and inbound foreign direct investment. Mr. Smith said this during a trade discussion meeting with Zambia’s Honorary Consul and Chief of Post in California Robert Sichinga Jnr, Embassy of Zambia in Washington D.C First Secretary Trade Charity Zulu and her Tourism counterpart Marsha Chipasha Holdway in Los Angeles. And Mr. Sichinga also called on the LAEDC to identify companies in Los Angeles that will help Zambian companies add value to most of its products to increase on exports. He observed that Los Angeles County is leading in sectors similar to those that Zambia has targeted as part of its growth of non-traditional exports and its Job Creation and Industrialization Strategy. He further called for the expertise of the LAEDC to help package Zambia in a way that appeals to the Los Angeles based investor. And Ms. Zulu said Zambia has launched the seventh national development plan that has outlined key areas of investment in the country. “Zambia’s manufacturing sector has considerable investment potential, as the country is relatively well endowed with raw materials and as such value addition, as well as technology transfer, is key,” she added. She further added that Zambia among other interventions is also exploring ways of the use of alternative and renewable energy to meet the country’s energy deficit. Meanwhile, Mrs. Holdway also urged the (WTCLA) to help identify companies in the film and digital industry to partner with film makers in Zambia to raise the country’s tourism profile.
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24/3/2016
12:32		grollfam: Rcl Foods Limited - Announcement Of The Exercise Of The Put Options Granted To Rcl Foods Limited By Zambeef Products Plc Release Date: 24/03/2016 12:18:00 Code(s): RCL Announcement of the exercise of the put options granted to RCL Foods Limited by Zambeef Products plc RCL FOODS LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1966/004972/06) ISIN: ZAE000179438 Share Code: RCL ANNOUNCEMENT OF THE EXERCISE OF THE PUT OPTIONS GRANTED TO RCL FOODS LIMITED BY ZAMBEEF PRODUCTS PLC IN RESPECT OF ZAM CHICK LIMITED AND ZAMHATCH LIMITED 1. Background During 2013, RCL Foods Limited (“RCL FOODS”), through its wholly owned subsidiary, Rainbow Farms Investments Proprietary Limited, entered into agreements with Zambeef Products PLC (“Zambeef̶1;) regarding investments in its broiler business, Zam Chick Limited (“Zam Chick”), and a greenfield hatchery investment, Zamhatch Limited (“ZamhatchR21;). RCL FOODS has a 49% interest in Zam Chick and a 51% interest in Zamhatch. Shareholders’ agreements were entered into between RCL FOODS and Zambeef in respect of Zam Chick on 1 February 2013 (“the Zam Chick Shareholders’ Agreement”) and Zamhatch on 29 May 2013 (“the Zamhatch Shareholders’ Agreement”) (collectively, “the Shareholders’ Agreements”). In terms of the Shareholders’ Agreements RCL FOODS, as a standard protection mechanism, was granted put options that would require Zambeef to acquire all of the ordinary shares held by RCL FOODS in Zam Chick (“the Zam Chick Option”) and Zamhatch (“the Zamhatch Option”) (collectively, “the Options”). If the Zam Chick Option is exercised at any time, the value attributable to RCL FOODS’ interest in Zam Chick (49%) will be determined as the higher of the following amounts on the date that the Zam Chick Option is exercised: - 49% of the consolidated earnings before interest, taxation, depreciation and amortisation (“EBITDA”;) of Zam Chick at an exit enterprise value (“EV”) / EBITDA multiple of 7.5 times; or - the original purchase price paid by RCL FOODS to Zambeef for the Zam Chick shares, expressed in US Dollars (“USD”). Currently, RCL Foods has no shareholder loan account claims against Zam Chick. If the Zamhatch Option is exercised within 3 years of the effective date (31 March 2013), the value attributable to RCL FOODS’ interest in Zamhatch (51%) will be determined as the higher of the following amounts on the date that the Zamhatch Option is exercised: - 51% of the consolidated EBITDA of Zamhatch at an exit EV / EBITDA multiple of 7.5 times; or - the invested USD amounts outstanding to RCL FOODS on capital and loan account. Should the Options be exercised, the purchase consideration in respect of the Zam Chick shares and the Zamhatch shares purchased by Zambeef, shall, at Zambeef’s discretion, be payable as follows: - in cash; or - by the transfer by Zambeef to RCL FOODS of Zambeef shares; or - by the issue and allotment by Zambeef to RCL FOODS of newly issued Zambeef shares; or - by a combination of Zambeef shares and cash. The value attributed to the Zambeef shares for purposes of settling the purchase consideration or part thereof in Zambeef shares, will be determined by the Volume Weighted Average Price (“VWAP”) of Zambeef shares as quoted on the AIM Stock Exchange for 30 business days immediately preceding the settlement date. The settlement date shall not be later than six months from the date that the Options are exercised. Zambeef’s market capitalisation as at 23 March 2016 is USD31.9 million (based on an exchange rate of GBP1.00: USD1.4091). In terms of each of the Shareholders’ Agreements, and in respect of each Option, to the extent that Zambeef is unable to effect the total payment for the Option shares in cash, then it shall effect payment by issuing Zambeef shares to RCL FOODS. For this purpose, Zambeef warranted that it would hold available up to 10% of its issued ordinary share capital (in respect of each Option). In accordance with Zambian laws and regulations, certain scenarios relating to the acquisition of the shares by Zambeef may require shareholder approval. In addition, the approval of the Competition and Consumer Protection Commission, the Lusaka Stock Exchange and the Securities and Exchange Commission (“SEC”) will be required in order for Zambeef to implement the acquisition of all of the ordinary shares held by RCL FOODS in Zam Chick and Zamhatch in accordance with the terms of the Options. 2. Exercise of the Options Exercise notices in respect of Zam Chick and Zamhatch were delivered to Zambeef on 23 March 2016, informing Zambeef that the Options have been exercised. This action fixes the Option exercise date and commences the six-month period for purposes of determining the settlement date, in accordance with the terms of the Shareholders’ Agreements. The purchase price owing by Zambeef to RCL FOODS in terms of the Options is as follows: - in respect of Zam Chick – USD 14,250,000.00; and - in respect of Zamhatch – USD 4,000,000.00 capital plus USD 6,159,174.53 of shareholder loans, (collectively, “the Settlement Consideration”). 3. Dispute There is a dispute between RCL FOODS and Zambeef with regard to the computation of the purchase price to be paid for the Zamhatch shares by Zambeef. Zambeef contends that the portion of the purchase price payable by it for the capital contribution by RCL FOODS to Zamhatch should comprise the Zambian Kwacha value of the capital contribution at the time that it was originally paid (in USD) by RCL FOODS. This amounts to ZMW 24,800,000.00. RCL FOODS contends that the amount payable to it ought to be the USD amount originally paid, being USD 4,000,000.00. On the Zambeef version, this results in a reduction in the amount payable to RCL FOODS of approximately USD 1,807,250.22 (based on an exchange rate of USD 1.00: ZMW 11.31 as at 23 March 2016). In addition, Zambeef argues that a portion of the RCL FOODS loan account in Zamhatch was paid in Euros, and ought to be denominated in Euros as opposed to USD. The Euro amount paid by RCL FOODS was Euro 3,301,849.53. Again, RCL FOODS is of the view that this amount should also be denominated in USD as at the date of payment, being USD 4,159,174.53. On the Zambeef version, this results in a reduction in the amount payable to RCL FOODS of approximately USD 466,656.60 (based on an exchange rate of USD1.00: Euro 0.8942 as at 23 March 2016). If the matter is not resolved, RCL FOODS will pursue its contractual remedies in terms of the Shareholders’ Agreements. 4. Rationale for the exercise of the Options RCL FOODS is of the opinion that its interests in Zambeef (indirectly held through Zam Chick and Zamhatch) would be better aligned with the shareholders of Zambeef if RCL FOODS’ indirect investments were to be exchanged for a direct interest in Zambeef, the listed holding company of the Zambeef group of companies. Hence, the RCL FOODS board of directors (“the Board”) took the decision that the Options should be exercised. Zambeef has indicated that the exchange mechanism provided for in the terms of the Options may be considered by some Zambeef shareholders as unduly dilutive for such shareholders. As a result, the Board proposed that, subject to certain considerations, the existing Zambeef shareholders should be given the opportunity of reducing the potential dilution to which they would be exposed if some, or all, of the Settlement Consideration is settled by way of new Zambeef shares. In order to counter any potential dilution, existing Zambeef shareholders will be given the opportunity to buy back a portion of the new Zambeef shares issued to RCL FOODS, by way of a claw-back offer. In terms of the claw-back offer, existing Zambeef shareholders will, in proportion to their respective shareholdings in Zambeef, be able to buy back some of the Zambeef shares received by RCL FOODS. Should the Settlement Consideration result in RCL FOODS holdingmore than 25.1% in Zambeef, it will make available for the claw-back offer, RCL FOODS’ interest above 25.1%. The shares made available by RCL FOODS for purposes of the claw-back offer will be offered to Zambeef shareholders at the same price that such shares have been issued to RCL FOODS, except for any potential costs and taxes associated witrh the claw- back offer, which will be for the account of participating Zambeef shareholders. From an administrative and regulatory point of view, RCL FOODS will issue a circular to all Zambeef shareholders, detailing the termsof the claw-back offer. RCL FOODS will liaise with the management of Zambeef and the SEC in Zambia in this regard. RCL FOODS will also seek a dispensation from the SEC to ensure that, in the event that the Settlement Consideration results in RCL FOODS is holding more than 35% of Zambeef, it will be granted the opportunity to sell down sufficient shares so as not to trigger a mandatory offer to the Zambeef shareholders. 5. General RCL FOODS is aware that Zambeef management has been mandated by its board of directors to actively work towards reducing Zambeef’s current debt position. Over the past few months RCL FOODS has been in discussions with Zambeef management in respect of possible mechanisms to inject capital into Zambeef. The Board is of the view that should RCL FOODS become a shareholder in Zambeef, RCL FOODS would like to continue with these discussions. RCL FOODS is of the opinion that Zambeef is an attractive business that, pursuant to an injection of new capital, could materially improve its overall performance. RCL FOODS thus remains interested in considering opportunities that could lead to a more substantial transaction between RCL FOODS and Zambeef. The transaction referred to above is not subject to JSE Limited (“JSE”) Listings Requirements due to its size being below the JSE category thresholds, and is only subject to a number of non-material conditions precedent. Shareholders are advised that Zambeef is also today publishing an announcement simultaneously on the AIM and Lusaka Stock Exchanges. Durban 24 March 2016 Sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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30/5/2013
07:07		multibagger: TIDMZAM RNS Number : 8331F Zambeef Products PLC 30 May 2013 For immediate release 30 May 2013 Zambeef Products Plc ("Zambeef" or the "Group") Establishment of Hatchery Joint Operations Zambeef (AIM:ZAM), the fully integrated agri-business with operations in Zambia, Nigeria and Ghana, is pleased to announce that on 29 May 2013 the Group entered into a joint venture operations agreement (the "JV Agreement") and a shareholders' agreement (the "Shareholders' Agreement") (together, the "Agreements") with Rainbow Farms Investments Proprietary Limited ("Rainbow Farms") to establish a broiler parent stock rearing, laying and hatching operation for the supply of day old chicks, Zamhatch Limited ("Zamhatch" or the "Company") (the "Transaction"). Background to, and reasons for, the Transaction The establishment of Zamhatch is in line with the Group's strategically integrated business model, aimed at reducing risk and earnings volatility and capturing margin throughout the value chain, with a focus on supplying higher margin products. The Board considers that managing the quality and quantity of supply of day old chicks to its broiler division will enable the Group to maximise operational performance as well as create opportunities to generate revenue from the sale of day-old chicks to third parties. The Zamhatch business will be developed at Mpongwe Farms and will also include an on-site feed mill to reduce transport costs that would otherwise be incurred in delivering feed from Zambeef's Lusaka-based operations. Following completion of the Transaction, the Board expects Zamhatch to become operational over the next two to three years. The Joint Venture Operations Agreement The key terms included in the JV Agreement are set out below: -- The ownership of Zamhatch will be 51 per cent. Rainbow Farms and 49 per cent. Zambeef; -- Rainbow Farms will be responsible for supporting Zamhatch's local management in the following functions: o Development of technical specifications and operating procedures; o Facilities design and specifications; o Veterinary and disease control and management; and o Procuring future broiler parent stock for supply to Zamhatch. -- Zambeef will be responsible for supporting Zamhatch's local management in the following functions: o Legal matters and managing the impact of any changes to Zambian legislation on the Company's operations; o Human resources, accounting and administration support; and o Securing the supply of other resources for the operation of the Company. The Shareholders' Agreement The key terms included in the Shareholders' Agreement are set out below: -- Each of Rainbow Farms and Zambeef is entitled to appoint two directors to the board of directors of Zamhatch; -- Zamhatch will be funded through a combination of equity and loan capital pro rata to the initial shareholding, as well as third party sources, including bank loans or leases. Third party funding will not exceed 30 per cent. of Zamhatch's total funding requirements; -- Following an initial two year period post-completion of the Transaction (or at any time, if Zambeef is in material breach of the Shareholders' Agreement or the JV Agreement) Rainbow Farms has the right to require that Zambeef purchase the whole of Rainbow Farm's shares in Zamhatch (the "Put Option"); -- If there is a change in control of Rainbow Farms, Zambeef has the right to require that Rainbow Farms sell the whole of Rainbow Farm's shares in Zamhatch to Zambeef (the "Call Option"); -- The purchase price for the Put Option or Call Option will be 51 per cent. of the consolidated EBITDA of Zamhatch (as at the date of the exercise of the option), multiplied by 7.5; -- Alternatively, if the Put Option (or Call Option) is exercised within three years of the Effective Date, the purchase price will be the higher of: (a) 51 per cent. of the consolidated EBITDA of Zamhatch multiplied by 7.5 (as above); or (b) the amounts outstanding to Rainbow Farms on capital and loan account; and -- The purchase price for the Put Option is payable in cash or in ordinary shares in the share capital of Zambeef. The purchase price for the Call Option is payable in cash only. Any Put Option exercised by Rainbow Farms shall be subject to the condition precedent that within a period of 40 weeks from the first order placed by the Company for parent stock (and/or grandparent stock, if applicable) which follows deliver of the exercise notice, Rainbow Farms or the Company secures the right by the Company to be supplied with broiler parent stock (and/or broiler grandparent stock if the Company is utilising such stock) from such breeder, supplier or distributor reasonably acceptable to the Company, in volumes materially the same as that which the Company was receiving at the time of the delivery of the Exercise Notice. There are no conditions precedent to completion of the Transaction. Francis Grogan, Chief Executive of Zambeef, commented: "We are delighted to be joining forces with Rainbow Farms for the development and operation of our hatchery. Zamhatch will ensure the consistency and quality of supply of day old chicks to our broiler division, in line with our integrated business model. We believe the Transaction will create one of the finest farm to fork poultry businesses in Africa." For further information, please contact: Zambeef Products plc Tel: +260 (0) 211 369003 Francis Grogan, Chief Executive Officer Yusuf Koya, Executive Director Strand Hanson Limited Tel: +44 (0) 20 7409 3494 Angela Hallett James Spinney Panmure Gordon Tel: +44 (0) 20 7886 2500 Callum Stewart Hannah Woodley Buchanan Tel: +44 (0) 20 7466 5000 Mark Edwards Sophie McNulty www.buchanan.uk.com Notes to Editors Information on Zambeef The Zambeef Group is one of the largest integrated agri-businesses in Zambia, involved in the primary production, processing, distribution and retailing of beef, chicken, pork, milk, eggs, dairy products, flour, bread, edible oils and stock feed, throughout Zambia, as well as Nigeria and Ghana. The Group is also one of the largest cereal row cropping operations in Zambia, with approximately 8,350 hectares of irrigated and approximately 8,650 hectares of rain-fed, arable, developed land available for planting each year. The Group has approximately 5,000 employees. Further information can be found on www.zambeefplc.com This publication is in line with standard practice for London Stock Exchange AIM listed Companies. Information on Rainbow Farms Rainbow Chicken Limited ("Rainbow") is the holding company of two principal operating subsidiaries, being Rainbow Farms and Vector Logistics (Proprietary) Limited. These subsidiaries enable the group to operate as a vertically integrated chicken producer. Rainbow is incorporated in South Africa and was listed on the JSE Limited in 1989. Rainbow is the pre-eminent processor and marketer of chicken in South Africa, producing 4.8 million birds per week. It is a fully integrated broiler producer that breeds and rears its own livestock, which it feeds from its own feed mills, processes, distributes and then markets as fresh, frozen, value-added and further-processed chicken. In view of Rainbow's skills, experience and track record in adding significant value to the basic chicken product, Rainbow represents the ideal strategic partner for Zambeef as it seeks to move into the value add and processing market. Rainbow operates in the local retail, wholesale and foodservice channels with four brands - Rainbow, Farmer Brown, Rainbow Simply Chicken and Rainbow FoodSolutions. It also produces a variety of dealer-own brands for a number of retailers and wholesalers. Rainbow is a 70 per cent. subsidiary of Remgro Limited. Further information can be found on www.rainbowchickens.co.za This information is provided by RNS The company news service from the London Stock Exchange END
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