19 July
2016
AfriAg PLC
(“AfriAg” or the
“Company”)
Change of name to
AfriAg Global Plc
Significant Update
on Global Activities.
AfriAg PLC (ISDX:AFRI), the rapidly expanding London listed global logistics and food sales
group is pleased to announce it will be changing its name to
AfriAg Global Plc (“AfriAg Global”) to reflect the dramatic
changes seen by the business since its birth only a few years ago
from an African centric bespoke food logistics business to one that
now provides global logistics, food marketing and bespoke
distribution services to many of the globe’s major corporations in
many countries around the world.
The Company will advise when the change of name will take
effect, which is expected to be within the next week.
The current AfriAg family, comprising AfriAg Marketing Pty Ltd
("AfriAg Marketing"), the 100% owned food sales, marketing and
distribution division, and our 40% owned specialist African
agri-logistics group AfriAg SA (Pty) Ltd ("AfriAg SA"), will
proudly continue to trade under the existing well established and
highly recognised AfriAg Brand.
Record Airfreight – 6 months to
30 June 30 2016:
A record total of 1,450,627 kg of perishable goods was
airfreighted globally for the first calender six months from
1 January 2016 to 30 June 2016, with another record of 439,998 kg
being airfreighted in a one month period to many destinations
around the world just for last monh alone by AfriAg SA.
This is an increase of about 60% from the 907,000 kg of
perishable goods air freighted for the same period last year.
David Lenigas, the Company’s Executive
Chairman, commented;
“The Company is
experiencing one of the most exciting and explosive growth periods
of its young life and has now morphed in to a truly global
logistics business, hence the name change to reflect today’s
true “global” nature of the business.”
“AfriAg is no
longer only a dream of moving perishable food around southern
Africa to a first world standard,
but now flying and shipping the best African export quality to the
global market place. The business has now developed in to a much
larger and more global enterprise.”
“AfriAg now
operates logistics services to many major global cities and ports
around the globe. The Company has turned into a truly global
enterprise and we see tremendous growth from this springboard. We
are are now one of the largest airfreighters of perishable food out
of southern Africa using the some
of the world’s largest airlines and providing bespoke first world
logistics all over the world through our rapidly expanding global
network of airlines and agents.
“Not only are we
exporting millions of kilograms a year of freshly grown African
food and perishable goods to many destinations around the globe
with some of the worlds biggest airlines and household recognised
corporations, and trucking and shipping tens of thousands of tonnes
a year by sea and our bespoke refridgerated fleet, AfriAg is now
importing thousands of tonnes of food a month into Africa from the USA, Europe
and South America.
“AfriAg is doing
what it was originally set up for: to create a true global
logistics business that additionally helps feed people, provide
jobs to the agricultural sectors of not only Africa and puts food on families tables that
is safe, good value and as fresh as possible.”
The directors of the Company accept responsibility for the
contents of this announcement.
For further information, please
contact:
AfriAg
Plc:
David Lenigas (Executive Chairman)
Anthony Samaha (Finance Director)
Hamish Harris (Non-Executive Director)
Donald Strang (Non-Executive Director) |
+44 (0)20 7440
0640 |
Peterhouse Corporate
Finance Limited
Guy Miller
Fungai Ndoro |
+44 (0)20 7469
0930 |