Edition:
India

Tongaat Hulett Says Parties Unable To Agree On Whether Or Not Material Adverse Change Occurred


Tuesday, 12 May 2020 

May 12 (Reuters) - Tongaat Hulett Ltd ::JSE: TON - CAUTIONARY ANNOUNCEMENT REGARDING THE PROPOSED DISPOSAL OF THE COMPANY’S STARCH BUSINESS.TONGAAT HULETT LTD - COMPANY AND KLL GROUP HAVE BEEN UNABLE TO AGREE ON WHETHER OR NOT A MATERIAL ADVERSE CHANGE HAS OCCURRED.TONGAAT HULETT LTD - STARCH DISPOSAL AGREEMENT IS STILL OF FORCE AND EFFECT, AND COMPANY REMAINS COMMITTED TO STEPS CURRENTLY UNDERWAY.TONGAAT HULETT - ANTICIPATED THAT PROCESS TO REFER MATTER FOR DETERMINATION BY AN INDEPENDENT THIRD PARTY WILL NOW BE FOLLOWED.TONGAAT HULETT LTD - SHAREHOLDERS ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN COMPANY'S SECURITIES.