AfriAg plc (LON:AFRI) announced today that, with effect from 8:00 a.m. today, the Company’s ordinary shares will commence trading on the ISDX Growth Market under the ticker AFRI. The Company’s ordinary shares continue to be traded on AIM.
AfriAg plc is an investment company which is admitted to trading on AIM, focussed on the acquisition of direct and indirect interests in projects in the agriculture and logistics sectors. At present the Company holds a 40% interest in African agri-logistics group AfriAg SA (Pty) Ltd (“AfriAg SA”). AfriAg SA export a range of perishable goods from farming and fishing operations in southern Africa to Europe and Asia through Johannesburg and Cape Town international airports.
In addition AfriAg SA holds a 2 year renewable contract to transport fresh produce farmed in Mozambique, to countries such as RSA, UK, Holland, and potential future markets including the UAE. AfriAg Marketing (Pty) Ltd (“AfriAg Marketing”) was set up in August 2014, as a 100%-owned subsidiary of AfriAg plc, to focus on the export and import of perishable food products, with first orders of seafood received in September 2014. The Company currently has a focus on opportunities in Africa, Europe and the Middle East but considers possible opportunities globally.