EGM Statement

RNS Number : 0041M
Agriterra Ld
21 January 2009

Agriterra Ltd / Ticker: AGTA / Index: AIM / Sector: Agriculture

21 January 2009

Agriterra Ltd ('Agriterra' or 'the Company')

EGM Statement

Agriterra Ltd, the AIM listed investing company focussed on the agricultural sector in central and southern Africa, announces that at the Extraordinary General Meeting held today, all three resolutions were duly passed. Of the proxy votes received, 99.99% were in favour of the resolutions, with no votes being cast against the resolutions. 

Accordingly, following the approval by shareholders of the acquisition by the Company's wholly owned subsidiary, Agriterra (Mozambique) Limited, of a 75% shareholding in each of Desenvolvimento e Comercializacao Agricola Limitada, Compagri Limitada and Mozbife Limitada (the 'Acquisition'), the Company will now proceed towards formal completion of the Acquisition, which is now anticipated to take place on 2 February 2009, at which time the 200,000,000 new ordinary shares to be issued in part consideration for the Acquisition will be admitted to trading on AIM.

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