Notice of AGM (1127A)
March 27 2012 - 2:02AM
UK Regulatory
TIDMAGTA
RNS Number : 1127A
Agriterra Ltd
27 March 2012
Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector:
Agriculture
27 March 2012
Agriterra Ltd ('Agriterra' or 'the Company')
Notice of AGM
Agriterra Ltd, the AIM listed pan African agricultural company,
announces that its Annual General Meeting ('AGM') will be held at
2.45 p.m. on 25 April 2012 at Richmond House, St. Julian's Avenue,
St Peter Port, Guernsey, GY1 1GZ.
A notice convening the AGM has been sent to shareholders and is
available to download from the Company's website at
www.agriterra-ltd.com.
** ENDS **
For further information please visit www.agriterra-ltd.com or
contact:
Andrew Groves Agriterra Ltd Tel: +44 (0) 20 7408
9200
Jonathan Wright Seymour Pierce Ltd Tel: +44 (0) 20 7107
8000
David Foreman Seymour Pierce Ltd Tel: +44 (0) 20 7107
8000
Andy Cuthill MC Peat & Co LLP Tel: +44 (0) 20 7104
2332
Hugo de Salis St Brides Media & Finance Tel: +44 (0) 20 7236
Ltd 1177
Susie Geliher St Brides Media & Finance Tel: +44 (0) 20 7236
Ltd 1177
Notes
Agriterra Ltd is an AIM listed agricultural company with four
divisions: beef, maize, cocoa and palm oil. Its cattle ranching
business, Mozbife, currently has a 2,350 strong herd, a land
holding of over 16,000 hectares, a feedlot and a 4,000 head per
month abattoir which is under construction. In addition to selling
meat from its own herds, throughput for the feedlot and abattoir
will be supplemented using cattle bought in from local
communities.
The Company's maize buying and milling operations, DECA and
Compagri, are located in Chimoio and Tete in central and
north-western Mozambique respectively. These collect maize from
circa 350,000 farmers using the Company's own vehicle fleet,
process it into mealie meal, the African staple, and then sell it
back to the local market, into supermarkets and to the World Food
Programme. Combined sales for the year ended 31 May totalled 28,822
tonnes maize meal generating revenue of US$13.6 million.
Agriterra's cocoa business is based in Sierra Leone, through its
100% subsidiary TFL, which is currently a buying and trading
operation, but provides an ideal conduit to branch out into cocoa
production in West Africa. Its strategy is to establish itself as a
secure, sustainable and traceable source of supply to meet the
requirements of the major cocoa consumers who are placing increased
emphasis in this area.
The Company has expanded its portfolio of agricultural products
through the addition of palm oil, and holds a lease over
approximately 45,000 hectares of brownfield agricultural land in an
area suitable for palm oil production in the Pujehun District in
the Southern Province of Sierra Leone. This area of Sierra Leone,
which is close to the Liberian border, receives one the highest
levels of rainfall in Sierra Leone, which in itself, receives some
of the highest rainfall globally. In addition, the lease area is
located on the equatorial belt, which is the most favourable
geographical location for palm oil production.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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