Mystery talks Quantum Foods has been engaged in since September which it warned could have an impact on the company’s share price have now ended, the firm has revealed.
In a statement to the South African stock exchange today (25 January), the poultry processor said: “Shareholders are hereby advised that the negotiations were not successfully concluded. Accordingly, caution is no longer required to be exercised by shareholders when dealing in the company’s securities”.
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The company first issued a cautionary statement on 28 September in which it said: “Shareholders are advised that the company has entered into negotiations, which if successfully concluded may have a material effect on the price of the company’s securities.”
Subsequent statements issued on 9 November and 22 December said the company was still in negotiations
On 2 October, a second South African poultry player, Sovereign Food Investments announced it too was in talks that could affect its share price.
Andre Muller, chief financial officer for Quantum Foods, told just-food today: “A non-disclosure agreement prohibits us from divulging any information on the negotiations – I can however state that the discussions were not with Sovereign Foods”.
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