ALF
01/07/2015 16:27
ASSET
NOT PRICE SENSITIVE
REL: 1627 HRS Allied Farmers Limited
ASSET: ALF: NZ Farmers Livestock Hawke's Bay acquisition settlement
1 July 2015
NZ Farmers Livestock settles purchase of interest in Hawke's Bay Livestock
Business
On 11 June 2015 Allied Farmers Limited (ALF) announced that its subsidiary,
NZ Farmers Livestock Limited (NZFL)*, had entered into a conditional
agreement to acquire over time a 52 percent interest in the Hawke's Bay
livestock business currently conducted by L.I.Redshaw Limited (Redshaws)
from Laurence Redshaw for a confidential purchase price.
ALF is pleased to announce that today the conditions were satisfied, and the
acquisition completed with the payment of the first instalment of the
purchase price.
Chairman, Garry Bluett commented "that this is a very positive step for
Allied Farmers Limited. Now that some of the past issues are being resolved,
it is promising to see the group looking forward to growing the livestock
business"
Garry Bluett
Chairman
* ALF owns 57 percent of the shares in NZFL. The remaining shares are owned
by agents and employees of NZFL.
End CA:00266481 For:ALF Type:ASSET Time:2015-07-01 16:27:54
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