BRIEF-Remgro Bids In Open Market To Create Liquidity For RCL Food Shareholders

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BRIEF-Remgro Bids In Open Market To Create Liquidity For RCL Food Shareholders
Credit: © Reuters.

Dec 2 (Reuters) - Remgro Ltd REMJ.J :

* JSE: REM - BID IN OPEN MARKET TO CREATE LIQUIDITY FOR RCL FOODS SHAREHOLDERS

* REMGRO - ON 27 NOVEMBER, REMGRO ACQUIRED 11,096,460 SHARES OF RCL FOODS LIMITED (C. 1.2% OF ISSUED SHARES OF RCL FOODS) AT A PRICE OF R8.05 PER SHARE

* REMGRO - WILL SIMILARLY OFFER LIQUIDITY TO OTHER RCL FOODS SHAREHOLDERS WHO MAY WISH TO SELL THEIR SHARES AT SAME PRICE

* REMGRO - WILL FROM TIME TO TIME PLACE BIDS IN MARKET FROM COMMENCEMENT OF TRADE ON 2 DEC TO BUY UP TO 100 MILLION RCL FOODS SHARES AT R8.05 PER SHARE

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