Premier Fishing and Brands Limited Withdraws Cautionary Announcement, Progressing Towards Proposed Transaction

Premier Fishing and Brands Limited Press Release
  • Premier Fishing and Brands Limited (PFB) withdraws cautionary announcement regarding the Proposed Transaction.
  • Circular detailing the Proposed Transaction circulated to PFB shareholders on 5 May 2023.
  • Shareholders advised that caution is no longer necessary when dealing in PFB securities.

Premier Fishing and Brands Limited (PFB), a leading fishing and brands company based in South Africa, has officially withdrawn its cautionary announcement following significant developments in the Proposed Transaction. The company had previously notified shareholders of Sekunjalo Investment Holdings’ firm intention to acquire all ordinary shares in PFB, excluding those held by African Empowerment Equity Investments Limited and shareholders acting in concert with Sekunjalo.

In a series of cautionary announcements, PFB initially alerted shareholders to Sekunjalo’s interest on 9 November 2022, with subsequent renewals, the latest of which was issued on 27 March 2023. However, the landscape has shifted as the circular detailing the Proposed Transaction was recently distributed to shareholders on Friday, 5 May 2023.

As a result, PFB has informed its shareholders that exercising caution is no longer necessary when engaging in transactions involving PFB securities. This significant update implies that the Proposed Transaction is progressing positively and is gaining momentum.

PFB, with its operations centered around the fishing industry in South Africa, is an essential player in the market. The withdrawal of the cautionary announcement indicates a step forward in the potential acquisition of PFB shares by Sekunjalo, pending shareholder approval and support.

As the Proposed Transaction unfolds, shareholders eagerly await further updates and guidance from PFB. The withdrawal of the cautionary announcement suggests that the company is confident in the progress being made, potentially leading to a successful acquisition.

Market analysts and investors will be closely monitoring the situation, seeking detailed information regarding the terms and conditions outlined in the circular that was distributed to PFB shareholders. PFB’s management, in collaboration with its JSE Sponsor, Vunani Sponsors, is expected to provide additional clarity and support to shareholders throughout the process.

Transparency and shareholder value are core principles for Premier Fishing and Brands Limited. The withdrawal of the cautionary announcement exemplifies the company’s commitment to keeping shareholders well-informed during the acquisition process. PFB will continue engaging with shareholders and stakeholders to ensure a seamless transition, should the acquisition receive approval.

Premier Fishing and Brands Limited, listed on the Johannesburg Stock Exchange under the share code PFB and the ISIN ZAE000247516, is a vital contributor to South Africa’s fishing industry. The company’s commitment to its shareholders’ interests will remain at the forefront as the Proposed Transaction progresses.

Visited 1 times, 1 visit(s) today

Stay ahead in the financial world – Sign Up to Rateweb’s essential newsletter for free. Get the latest insights on business trends, tech innovations, and market movements, directly to your inbox. Join our community of savvy readers and never miss an update that could impact your financial decisions.

Do you have a news tip for Rateweb reporters? Please email us at


Start trading with a free $30 bonus

Trade stocks, forex, commodities, metals and CFDs on stock indices with an internationally licensed and regulated broker. For all clients who open their first real account, XM offers a $30 trading bonus without any initial deposit needed. Learn more about how you can trade over 1000 instruments on the XM MT4 and MT5 platforms from your PC and Mac, or from a variety of mobile devices.


Personal Financial Tools

Below is a list of tools built to assist South Africans to make the best financial decisions:



South Africa’s primary source of financial tools and information

Contact Us


Rateweb strives to keep its information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products, shopping products and services are presented without warranty. When evaluating offers, please review the financial institution’s Terms and Conditions.

Rateweb is not a financial service provider and should in no way be seen as one. In compiling the articles for our website due caution was exercised in an attempt to gather information from reliable and accurate sources. The articles are of a general nature and do not purport to offer specialised and or personalised financial or investment advice. Neither the author, nor the publisher, will accept any responsibility for losses, omissions, errors, fortunes or misfortunes that may be suffered by any person that acts or refrains from acting as a result of these articles.