11 August
2016
AfriAg Global
PLC
(“AfriAg Global”
or the “Company”)
Issue of existing
shares from the Company’s Employee Benefits Trust.
AfriAg Global PLC (ISDX: AFRI) announces that Mr Paul de Robillard, who is responsible for
managing all of the Company’s rapidly growing global logistics
divisions, will be issued 100 million ordinary shares in the the
Company, representing 7.2% of the Company’s ordinary shares on
issue, from its pre-existing and approved Employee Benefit Trust
(“EBT”).
The establishment of the Company’s EBT was previously announced
on 3 October 2014. There will be no
new shares issued by the Company to satisfy this distribution of
shares from the EBT, leaving 18 million shares remaining in the
EBT.
David Lenigas, AfriAg Global’s Executive Chairman,
commented;
“Paul de Robillard has been very instrumental in building the
strong foundation of the Company’s global logistics business and
food marketing and sales division, and he has now achieved the
performance targets set by the Company back in December 2014.”
The directors of the Company accept responsibility for the
contents of this announcement.
-ENDS-
AfriAg Global
Plc:
www.afriagglobal.com
David Lenigas (Executive Chairman)
Anthony Samaha (Finance Director)
Hamish Harris |
+44 (0)20 7440
0640 |
Peterhouse Corporate
Finance Limited
Guy Miller
Fungai Ndoro |
+44 (0)20 7469
0930 |