ASA Resource Group PLC Asa Meat SA (Pty) Limited - disposal (0345K)
04 7월 2017 - 3:47PM
UK Regulatory
TIDMASA
RNS Number : 0345K
ASA Resource Group PLC
04 July 2017
Asa Resource Group plc
("Asa Resource", "the Group" or "the Company")
Asa Meat SA (Pty) Limited - disposal
Asa Resource is pleased to announce that its subsidiary, Asa
Meat SA (Pty) Limited ("Asa Meat"), has agreed to dispose of its
slaughterhouse business and assets located in South Africa for ZAR
15 million, (approximately GBP0.88 million or US$1,15 million)
payable in cash on completion. The disposal is subject to the
transfer of land titles with the relevant authorities in South
Africa.
Toindepi Muganyi, Chief Executive Officer, commenting on the
transaction: I'm pleased that we've been able to make a profit from
this sale, which marks a shift in the Group's strategy to
concentrate on its core activities of mining and exploration. The
board will consider other non-core disposals as appropriate over
the coming months.
Contact
For more information http://www.asaresourcegroup.com/ or contact
us below.
Asa Resource Group plc
One Fleet Place, London EC4M 7WS
Ian B Dearing, Executive Director, Group General Counsel and
Company Secretary
Niall Henry, non-executive Director (Investor Relations)
communications@asaresourcegroup.com
Nominated Adviser and Broker
SP Angel Corporate Finance LLP
Prince Frederick House, 35-39 Maddox Street, London W1S 2PP
John Mackay, Jeff Keating, Caroline Rowe
Tel: +44 (0) 20 3470 0470
This information is provided by RNS
The company news service from the London Stock Exchange
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July 04, 2017 02:47 ET (06:47 GMT)
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