Termination of Memorandum of Understanding
September 22 2009 - 2:00AM
UK Regulatory
TIDMAGTA
RNS Number : 4247Z
Agriterra Ltd
22 September 2009
Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture
22 September 2009
Agriterra Ltd ('Agriterra' or 'the Company')
Termination of Memorandum of Understanding
Agriterra Ltd, the AIM listed company focussed on the agricultural sector in
central and southern Africa, announces that it no longer intends to pursue the
proposed acquisition of Equatorial Biofuels (Guernsey) Limited, from Equatorial
Palm Oil Plc, which was the subject of a memorandum of understanding announced
by the Company on 18 August 2009. Following further evaluation, the Company
believes that the project was not synergistic with its existing operations in
Mozambique and was outside its current expertise within the agricultural sector.
** ENDS **
For further information please visit www.agriterra-ltd.com or contact:
+--------------------+------------------------------+-------------------------+
| Andrew Groves | Agriterra Ltd | Tel: +44 (0) 845 108 |
| | | 6060 |
+--------------------+------------------------------+-------------------------+
| Jonathan Wright | Seymour Pierce Ltd | Tel: +44 (0) 20 7107 |
| | | 8000 |
+--------------------+------------------------------+-------------------------+
| Hugo de Salis | St Brides Media & Finance | Tel: +44 (0) 20 7236 |
| | Ltd | 1177 |
+--------------------+------------------------------+-------------------------+
| Susie Callear | St Brides Media & Finance | Tel: +44 (0) 20 7236 |
| | Ltd | 1177 |
+--------------------+------------------------------+-------------------------+
This information is provided by RNS
The company news service from the London Stock Exchange
END
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