Premier Food and Fishing lists on the JSE
Johannesburg, 2 March 2017. Today Premier Food and Fishing Limited (JSE: PFF), a food and fisheries company and a subsidiary of African Equity Empowerment Investments, listed in the Farming, Fishing and Plantations sector of the JSE’s Main Board. Premier Food and Fishing is the first company to list on the JSE this year.
Premier Food and Fishing owns one of the country’s largest black-owned fishing companies, Premier Fishing SA, which has an impressive 65 year track record.
Donna Nemer, Director: Capital Markets at the JSE says the exchange is pleased to welcome Premier Food and Fishing Limited. “We are always looking at ways in which we can grow our offering by expanding the types of companies that we list and this listing will provide our investors with choice, and an opportunity to acquire a stake in the company and grow their investments.”
Premier Food and Fishing joins six companies that are listed in the Farming, Fishing and Plantations sector of the JSE, which currently has a market capitalisation of R38.29 billion.
Samier Saban, Chief Executive Officer of Premier Food and Fishing, says, “Listing will provide the company with access to capital in order to grow the business both organically and by way of future acquisitions. Being listed on the JSE will further allow us to give both our employees, as well as the members of the communities in which we operate and also the general public, an opportunity to acquire equity in the company and thereby a liquid, tradeable asset within a regulated environment.”
Saban clarifies that Premier Fishing’s processing facilities, which operate in the fishing grounds between Port Alfred and Plettenburg Bay, comply with European Union regulatory standards for managing fishing fleets and conserving fish stocks.
He adds, “Premier Fishing is committed to the ongoing sustainability of marine life and is a member of the South African Fishing Ethically (SAFE) Association. Our involvement in abalone farming contributes to the sustainability of this species in South African waters, and our overall underlying ethic of farming for the future. South African fish species are highly sought after globally due to their quality and are rated among the best in the world. Premier Food and Fishing is well positioned for growth over the next three years and into the future. As one of the largest black fishing companies in South Africa, and given that current legislation is likely to promote black participation and development in this area, this should be beneficial for growth in this sector, which in turn is expected to assist with job creation and community upliftment.”
Nemer concludes: “As an exchange, we have an important role to play in providing companies with ways to raise capital and we remain committed in ensuring that we continue to be the exchange of choice for companies looking to tap into our capital markets to fund their growth.”
From left to right:
Samir Saban CEO of Premier Food and Fishing , Director Capital Markets JSE Donna Nemer, Reverend Vukile Mehana of Premier Food and Fishing, Nicky Newton-King CEO JSE
From left to right:
Director Capital Markets JSE Donna Nemer, Reverend Vukile Mehana of Premier Food and Fishing, Nicky Newton-King CEO JSE, Samir Saban CEO of Premier Food and Fishing
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