Groot Drakenstein – RFG Foods today announced the planned acquisition of Boland Pulp, a producer of fruit and vegetable concentrates and purees, for R102 million.

RFG Foods (RFG) has entered into an agreement to acquire 100% of Western Cape-based fruit juice producer, Pacmar, by 01 April 2015.

Groot Drakenstein – RFG Foods Holdings, which made its debut on the JSE last month, delivered a strong trading and financial performance for the year to September 2014, increasing operating profit by 48% to R236 million.

Today RFG Foods Holdings listed on the Main Board of the JSE. RFG Foods is an internationally recognised producer of convenience meal solutions for distribution in Southern African and major global markets. The Group’s product range includes canned fruit, jam, vegetable and meat products, fresh ready-made meals, pies, pastries and dairy products.

Groot Drakenstein – RFG Foods has raised R600 million in a private placement ahead of its listing on the JSE next Thursday, 2 October.

This announcement has been prepared with reference to the Pre-listing Statement issued by RFG dated 15 September 2014 and the announcement released on SENS on the same day, regarding the private placement by way of an Offer for Subscription by RFG and the concurrent Offer for Sale by the Selling Shareholders of Ordinary Shares, subject to certain conditions. Unless otherwise indicated, defined terms used in this announcement are as set out in the Pre-listing Statement.

This Pre-listing Statement relates to a private placement by way of an offer for subscription by RFG to raise R600 million , and a concurrent offer for sale by the Company’s existing shareholders (the “Selling Shareholders”), of up to 99 892 857 Offer Shares (placed within the Offer Price Range) (the “Offer”). The Offer Shares comprise up to 57 142 857 new Subscription Shares and 42 750 000existing Sale Shares. In addition, Capitalworks will grant to the Stabilisation Manager an Overallotment Option to purchase for resale up to 9 989 286 Overallotment Shares (at the Offer Price), which may be used for the purposes of covering overallotments before the end of the Stabilisation Period. This Pre-listing Statement is not an invitation to the general public to subscribe for or purchase the Offer Shares, but is issued in compliance with the Listings Requirements for information purposes.

Groot Drakenstein – Western Cape based food producer, RFG Foods Holdings, plans to list on the main board of the JSE in the Food Products sector on Thursday, 2 October.