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DJ AfriAg Global Plc Issue of existing shares from Company's EBT

 
TIDMAFRI 
 
11 August 2016 
 
                               AfriAg Global PLC 
 
                      ("AfriAg Global" or the "Company") 
 
     Issue of existing shares from the Company's Employee Benefits Trust. 
 
AfriAg Global PLC (ISDX: AFRI) announces that Mr Paul de Robillard, who is 
responsible for managing all of the Company's rapidly growing global logistics 
divisions, will be issued 100 million ordinary shares in the the Company, 
representing 7.2% of the Company's ordinary shares on issue, from its 
pre-existing and approved Employee Benefit Trust ("EBT"). 
 
The establishment of the Company's EBT was previously announced on 3 October 
2014. There will be no new shares issued by the Company to satisfy this 
distribution of shares from the EBT, leaving 18 million shares remaining in the 
EBT. 
 
David Lenigas, AfriAg Global's Executive Chairman, commented; 
 
"Paul de Robillard has been very instrumental in building the strong foundation 
of the Company's global logistics business and food marketing and sales 
division, and he has now achieved the performance targets set by the Company 
back in December 2014." 
 
The directors of the Company accept responsibility for the contents of this 
announcement. 
 
                                    -ENDS- 
 
AfriAg Global Plc:                                    +44 (0)20 7440 0640 
 
www.afriagglobal.com 
David Lenigas (Executive Chairman) 
Anthony Samaha (Finance Director) 
Hamish Harris 
 
Peterhouse Corporate Finance Limited                  +44 (0)20 7469 0930 
Guy Miller 
Fungai Ndoro 
 
 
 
END 
 

(END) Dow Jones Newswires

August 11, 2016 10:42 ET (14:42 GMT)