April 23, 2014 10:27 PM ET

Food Products

Company Overview of Foodcorp (Proprietary) Limited

Company Overview

Foodcorp Proprietary Limited manufactures, markets, and distributes food products primarily in South Africa. Its Grocery division produces mayonnaise, peanut butter, rusks, dog and cat food, edible oils, and sorghum meal products under the Nola, Yum Yum, Ouma, Bobtail, Dogmor, Optimizor, SVD, Ultra Dog, Catmor, Monati Mabela, and Monati Supertieng brands. The company’s Beverage division produces maize based, non-alcoholic beverages under the Mageu Number 1, Mnandi, Phuzimpilo, and Smooth brands. Its Fishing division catches, processes, and markets canned pilchard, deep-water hake, lobster, and fish meal products under the Glenryck and Marpro brands. The company's Milling division produces fl...

Parc Nicol

Building No. 1

3001 William Nicol Drive

Bryanston

Johannesburg,  2021

South Africa

Founded in 1992

7,395 Employees

Phone:

27 11 549 1030

Fax:

27 11 549 1057

Key Executives for Foodcorp (Proprietary) Limited

Managing Director
Age: 54
Group Chief Financial Officer and Director
Managing Director of Baking Division
Age: 39
Company Secretary
Managing Director of Foodcorp Ready to Eat and Executive Director
Age: 54
Compensation as of Fiscal Year 2013.

Foodcorp (Proprietary) Limited Key Developments

Foodcorp (Proprietary) Limited Announces Redemption of 8.75% Senior Secured Notes Due 2018

Foodcorp (Proprietary) Limited announced for the redemption of all of its currently outstanding €390,000,000 aggregate principal amount of 8.75% Senior Secured Notes due 2018. In accordance with Section 3.01 of the Indenture, Foodcorp is redeeming the entire principal amount of the Notes for cash in an amount equal to the aggregate redemption date of the Notes, plus accrued and unpaid interest, on the redemption date. The terms of the redemption are: The redemption date for the Notes will be April 11, 2014 and the record date for the Redemption will be March 12, 2014. The aggregate redemption price for the Notes will be 108.750% plus accrued and unpaid interest to the redemption date. The total amount paid on the redemption date will be €1,087.5 per €1,000 principal amount of the Notes, plus accrued and unpaid interest. The paying agent is The Bank of New York Mellon. The Notes must be surrendered to the paying agent to collect the redemption price plus accrued interest, if any and additional amounts, if any.

Foodcorp (Proprietary) Limited Announces Redemption of 10% of 8.75% Senior Secured Notes Due 2018

Foodcorp (Proprietary) Limited announced redemption of 10% of its currently outstanding €390,000,000 aggregate principal amount of 8.75% Senior Secured Notes due 2018. The terms not otherwise defined herein shall have the meanings given to them in the Indenture. The terms and conditions of the Redemption are as follows: the redemption date for the specified notes will be October 25, 2013 and the record date for the specified notes will be September 24, 2013. The aggregate redemption price for the specified notes will be 103%, plus accrued and unpaid interest to the redemption date. Interest on the specified notes will cease to accrue on and after the redemption date, assuming Foodcorp has made the payments contemplated by the foregoing. The total amount paid on the redemption date will be €1,030 per €1,000 principal amount of the specified notes, plus accrued and unpaid interest. The paying agent is the Bank of New York Mellon and the address of paying agent is One Canada Square, London, England, E14 5AL. The specified notes must be surrendered to the paying agent to collect the Redemption Price plus accrued interest, if any and additional amounts, if any. Foodcorp will redeem €39,000,000 principal amount of the Notes, which is 10% of the aggregate principal amount of notes currently outstanding. On and after the redemption date, upon surrender of the specified notes, a new note or notes in principal amount at maturity equal to the unredeemed portion thereof shall be issued.

Foodcorp (Proprietary) Limited Announces Directorate Changes

Justin Williamson is to step down as Managing Director of Foodcorp Proprietary Limited, effective 30 September 2013. The Foodcorp board has named Cliff Sampson, currently Managing Director – Foodcorp Consumer Brands, and an Executive Director of Foodcorp, as Foodcorp’s new Managing Director, effective 1 October 2013.

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Recent Private Companies Transactions

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Date
Target
Merger/Acquisition
July 1, 2013
--
Merger/Acquisition
June 4, 2013
Foodcorp (Proprietary) Limited, Fishing Division
 

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