Shareholders are referred to the cautionary announcement dated 9 June 2006. Petmin wishes to announce that, based on the outcome of a comprehensive due diligence investigation pertaining to the transaction which envisaged inter alia a listing of Petmin’s assets on a foreign stock exchange, Petmin has elected not to pursue the transaction. The cautionary in respect of the transaction is therefore withdrawn and caution is no longer required to be exercised by shareholders when dealing in their securities.
Petmin’s strategy is to become a multi-commodity company through organic and acquisitive growth. In order to achieve this strategy, the Company requires access to diversified capital markets. Accordingly, Petmin has applied to the South African Reserve Bank for approval for a secondary listing on the Alternative Investment Market of the London Stock Exchange ("AIM"). Shareholders will be advised of the outcome of the application and of the process that will be followed to list Petmin on AIM.
Sponsor and Corporate Advisor
River Group
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