Brief: Anglo African Says Progress With Comarco Transaction Has Been Protracted

Everest Global

11/05/2020 08:18

May 11 (Reuters) - Anglo African Agriculture PLC  AAAP.L :
    * REG-ANGLO AFRICAN AG PLC: UPDATE ON THE COMARCO TRANSACTION AND COVID-19
    * ANGLO AFRICAN AGRICULTURE - TRADING SUBSIDIARY, DYNAMIC INTERTRADE, IS
FULLY
OPERATIONAL DESPITE CORONAVIRUS LOCKDOWN IN SOUTH AFRICA
    * ANGLO AFRICAN AGRICULTURE - PROGRESS WITH COMARCO TRANSACTION HAS BEEN
PROTRACTED, MAINLY DUE TO GENERAL CAPITAL MARKETS ENVIRONMENT
    * ANGLO AFRICAN AGRICULTURE - COMARCO AS A PORT AND MARINE LOGISTICS
OPERATOR IS
CURRENTLY NOT MATERIALLY AFFECTED BY CORONAVIRUS
    * ANGLO AFRICAN AGRICULTURE - $1 MILLION LOAN ADVANCED TO COMARCO WILL HAVE
REPAYMENT VALUE OF ABOUT $1.3 MILLION, REPAYABLE ON NOV 12

Source text for Eikon:  ID:nPRrAE4BFa 
Further company coverage:  AAAP.L 

 ((Reuters.Briefs@thomsonreuters.com;))