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Pioneer Food Group Ltd Announces Voluntary Update On Quantum Foods


Thursday, 5 Sep 2013 09:21am EDT 

Pioneer Food Group Ltd announced that the intent of the Board of Directors of the Company (the Board), to restructure the Company's interest in Quantum Foods, a division of Pioneer Foods (Quantum Foods) (the Quantum Foods Restructuring). Quantum Foods consists of three integrated business units that produce eggs, chicken products, animal feed and commercial laying hens. It is Pioneer Foods' intention to unbundle its interests in Quantum Foods to its shareholders and subsequently list Quantum Foods as a separate entity on the JSE subject to market conditions and regulatory requirements, or any other acceptable corporate action, within approximately 12 months. 

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