Premier Foods and Fishing to start trading on JSE in March
Integrated food and fisheries business Premier Foods and Fishing (PFF) has been given the go-ahead to trade its shares on the JSE’s main board from March 2.
In conjunction with the listing, PFF will undertake a private placement of up to 117-million shares to invited investors at R4.50 apiece. This, the company noted, will raise around R526.5-million.
The company believes the listing will provide it with access to capital to grow its business both organically and through future acquisitions.
PFF is one of the largest black-owned and controlled fishing companies in South Africa and has been in existence since 1952. It has four operating divisions, two companies and an interest in a number of joint venture operations.
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