RCL FOODS – IMPLEMENTATION OF BEE TRANSACTION
RCL shareholders (“Shareholders”) are referred to
* the circular posted to Shareholders on 12 December 2013 wherein Shareholders were inter alia advised on the company”s intention to implement a broad based black economic empowerment transaction with strategic partners of RCL (“RCL BEE Transaction”);
* the announcement released on the Stock Exchange News Service on Monday, 31 March 2014 wherein Shareholders were advised of the fact that the RCL BEE Transaction had not become unconditional due to various delays with filings at the Companies and Intellectual Property Commission.
The RCL BEE Transaction has now become unconditional and will be implemented today, 26 May 2014.