Agriterra Ltd Update on the MBO of Sierra Leone Cocoa Assets (5817T)
January 06 2017 - 10:35AM
UK Regulatory
TIDMAGTA
RNS Number : 5817T
Agriterra Ltd
06 January 2017
Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector:
Agriculture
6 January 2017
Agriterra Ltd ('Agriterra' or the 'Company')
Update on the MBO of Sierra Leone Cocoa Assets
The Company provides an update to its announcement of 5 October
2016 regarding the sale of its Sierra Leone cocoa assets in a
management buy-out transaction (the "MBO") for a cash consideration
of US$750,000 (the "Consideration"), which is due for payment on 9
January 2017.
The Company has been informed that payment of the Consideration
will not be possible by 9 January 2017. Discussions are ongoing
with the MBO team, who remain committed to the transaction, and
their potential investors. The Company expects to be able to
release an update on the outcome of those negotiations during
January 2017.
** ENDS **
For further information please visit www.agriterra-ltd.com or
contact:
Andrew Groves Agriterra Ltd Tel: +44 (0)
20 7408 9200
Daniel Cassiano-Silva Agriterra Ltd Tel: +44 (0)
20 7408 9200
David Foreman Cantor Fitzgerald Tel: +44 (0)
Europe 20 7894 7000
Michael Reynolds Cantor Fitzgerald Tel: +44 (0)
Europe 20 7894 7000
This information is provided by RNS
The company news service from the London Stock Exchange
END
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