25 July
2016
AfriAg PLC
(“AfriAg” or the
“Company”)
AfriAg – Fresh
Herb Programme for Europe
AfriAg (ISDX: AFRI), the rapidly expanding London traded global logistics investment
Company, which will soon be changing its name to AfriAg Global
Plc (“AfriAg Global”), is pleased to announce that it has
started a herb growing programme in Zimbabwe that will see fresh Basil, Chives,
Sage and Tarragon airfreighted to the supermarkets of the UK and
Holland.
This contracted growing programme, has been commissioned by our
100% owned AfriAg Marketing division, run by Toby Williams, who has 20 years experience of
the fresh produce and perishable logistics industry. The Marketing
division, AfriAg Marketing (Pty) South Africa Limited, is expected
to see about 70 tonnes of herbs exported over the coming 52 week
period, and is expected to add about US$460,000 to top line revenues of the Company
over this period.
David Lenigas, the Company’s Executive
Chairman, commented;
“AfriAg has
instigated this fresh herb growing and export programme for
Europe at the request of customers
seeking a new consistent, sustainable and reliable supply
alternative for herb production, historically a major supplier of
herbs to Europe.”
“This will be
AfriAg’s first year of this herb production and export programme
and we see this business as one we can grow significantly over the
coming years.”
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 |