FE Investegate |Anglo African Agriculture Plc Announcements ...

                          Anglo African Agriculture Plc                                            Admission to trading on the PLUS quoted market                              First listing since junior exchange's acquisition by ICAP             The Board of Anglo African Agriculture plc ("AAA" or "The Company") is delighted to announce the commencement of trading on the PLUS quoted market ("PLUS") today. The Company will trade under the ticker AAAP and its admission marks the first listing on Plus since the exchange was acquired by ICAP.  AAA is an investment vehicle that was created earlier in the year in order to take advantage of what the Company's Directors believe are a number of potentially attractive investment opportunities within the agriculture sector in Africa and have decided to seek a PLUS listing for the Company that will seek to make investments or a reverse acquisition in this sector.  Andrew Monk, Non-Executive Chairman of AAA, said: "The opportunities the African agriculture sector offers are staggering. The continent has vast untapped agricultural potential and an urgent need to develop it in order to feed its population, many of whom are starving. We believe that our Board has the right mix of experience, skills and contacts in the agricultural arena, and specifically in Africa, to identify opportunities that not only offer significant capital growth potential, but also will help to develop the continent's agricultural industry and make better use of its resources.  "The Board is delighted to bring the Company onto PLUS and intends to use the listing as a platform to develop a range of investments that we believe will provide sustainable value to our shareholders."  The Directors will focus on the Sub-Saharan region of Africa, and in particular Tanzania, Ghana and Kenya. The Directors will be looking for opportunities in the production, transportation and trading of food products, including the acquisition of land for food production.  The Directors will be seeking investment opportunities which have potential for significant capital growth and where the vendors would consider the issuance of new Ordinary Shares as part or of all of the consideration of the transaction.  All expenditure shall be kept to a minimum until an investment or acquisition has been made.  The Board will keep Shareholders informed of the Company's developments and are committed to seeking Shareholder approval for any substantive acquisition.  On Admission to PLUS, the Company's issued share capital will consist of 55,226,600 ordinary shares of 0.1p each.  In addition, there are 45,226,600 warrants to subscribe for ordinary shares, which are exercisable at a price of 1.5p each, until 5 September 2013 and 2,761,330 warrants to subscribe for ordinary shares, which are exercisable at a price of 1p each, until 5 September 2022.  The Admission Document is available at the Company's website www.aaaplc.com  ENDS  Enquiries:  Anglo African Agriculture plc Andrew Monk: Tel 020 3005 5000  Blythe Weigh Communications, PR and IR Tim Blythe, Paul Weigh: 020 7138 3204  Alfred Henry Corporate Finance Limited, PLUS Adviser Nick Michaels, Jon Isaacs: 020 7251 3762  VSA Capital, Joint Financial Adviser and broker Andrew Raca: Tel 020 3005 5004  Zeus Capital, Joint Financial Adviser Ross Andrews: 0161 831 1512  Notes to Editors:  Directors  Andrew Anthony Monk aged 51, Non-Executive Chairman  Andrew has a successful stock broking career spanning 25 years. In that time he has built up strong relationships with many major UK institutions. He was employed by Hoare Govett ABN AMRO for 11 years before founding Oriel Securities as Joint CEO. Andrew later became CEO of Blue Oar Plc, and Chief Executive of VSA Capital Group PLC, an AIM listed investment banking and institutional broking firm focussed on natural resources, including agriculture.  Konrad Patrick Legg aged 68, Executive Director  Konrad has over 40 years' experience working in the City and, more specifically, in the tropical agriculture sector. In the early 1970's Konrad built up Eastern Produce Holdings Ltd, a diversified plantation group which today forms a central part of Camellia Investments plc, a fully listed UK company focused on tea and other tree crops in Africa and India. From mid-1970's he was managing director of Warren Plantation Holdings, a fully listed diversified Plantation group, with interests in tea and coffee, palm oil and rubber in Africa, India, Indonesia, and Papua New Guinea until it was taken over in the early 1980's.  From 1982 Konrad set up and ran as managing director Plantation & General Investments which obtained a full listing in 1984 and it subsequently built up a portfolio of Plantation and commodity related businesses, mainly in Africa, until the company it was subject to a takeover bid in 1997. Konrad has also acquired and developed coffee and Macadamia interests in Tanzania and Malawi on a private basis.  Konrad is a senior independent non-executive director of two AIM listed companies: Coburg Group plc and M P Evans Plc - the latter being a plantation group with substantial palm oil interests in Indonesia and extensive cattle ranching interests in Australia.  Douglas Dakarai Chikohora aged 53, Non-Executive Director  Douglas has over 30 years' successful experience in the mining sector mostly in Africa. He has been a director of AIM listed companies in the past and now sit on boards of African Mining & Exploration plc; Business Council for Africa and Cluff Africa Associates UK Limited.  Qualified as a Chartered Engineer, he joined the Buchwa Mine in 1981; in 1984 he joined RTZ, Zimbabwe before moving to Cluff Resources in 1987 where he developed the Ayanfuri mine in Ghana, West Africa. In 1996, he was appointed Managing Director of Cluff Mining (West Africa) Ltd; in 2004 he became Technical Director of Cluff Gold plc. and co-founded Cluff Africa Associates in 2010. Throughout his mining career he has established good contacts in the natural resource sector, including agriculture, on the African continent.  The Directors accept responsibility for this statement

Source: http://www.investegate.co.uk/article.aspx?id=20120906070000P84AE

little big town little big town bennett