The Board of Directors and Members wish to advise that the arbitration proceedings in respect of a dispute regarding the shareholding in the Company have since been concluded.
Mr. Yitbarek Yemanu Tekie’s claim to 50% shareholding in the Company was dismissed by the Arbitrator. As a consequence, the Company no longer has any relationship with Mr. Tekie and all stakeholders are hereby advised accordingly.
With the arbitration now behind us, we affirm that the going concern status of the Company remains sound and we remain committed to servicing our customers and providing high quality stock feed and related products as we have always done over the years.
We thank you for your continued valued support.
By order of the Board
T. Volker (Mr.)
Chief Executive Officer
25th March 2022