Agriterra Ltd Market Update - Impact of Cyclone Idai (8059T)
March 25 2019 - 3:01AM
UK Regulatory
TIDMAGTA
RNS Number : 8059T
Agriterra Ltd
25 March 2019
The information communicated within this announcement is deemed
to constitute inside information as stipulated under the Market
Abuse Regulations (EU) No. 596/2014. Upon the publication of this
announcement, this inside information is now considered to be in
the public domain.
25 March 2019
Agriterra Ltd ('Agriterra' or the 'Company')
Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector:
Agriculture
Market Update - Impact of Cyclone Idai
Agriterra Limited, the AIM-quoted African agricultural company
whose operations are based in Mozambique advises the market that
despite the widespread regional impact of Cyclone Idai, the
Company's operations in Chimoio and Tete, Mozambique have not
suffered any structural damage and all staff are safe and accounted
for.
Power outages impacted milling operations at the Chimoio site
for three days but operations have now resumed; separately, the
Company's abattoir is also operational.
Executive Chair Caroline Havers commented "We have been
extremely fortunate to come through this terrible event relatively
unaffected and this is testament to the professionalism of our
staff and facilities. We do however recognise that the effects of
Cyclone Idai have been significant for many in the region and we
will work with our community partners where possible to assist with
the recovery process."
** ENDS **
For further information please visit www.agriterra-ltd.com or
contact:
Agriterra Ltd Strand Hanson Limited
(Nominated & Financial Adviser and
Broker)
============================ =====================================
Caroline Havers James Spinney / Ritchie Balmer/ Eric
Allan
caroline@agriterra-ltd.com +44 (0) 207 409 3494
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END
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