PFF JSE debut oversubscribed

PREMIER Food and Fishing (PFF), a subsidiary of African Empowerment Equity Investments (AEEI) says its much anticipated listing on the local bourse has been oversubscribed.

The company said yesterday that its initial public offering (IPO) was oversubscribed four times, following a successful two-week road show in anticipation of resuming trading on the JSE next week.

AEEI chief executive Khalid Abdulla said the company was pleased about the feedback it had received from the market. “We are excited about the future prospects of listing PFF. The fact that the shares were heavily oversubscribed is a sign of confidence in our fishing business as well as our management team. We wish them well in taking the business to the next level,” Abdulla said.

PHOTO: SUPPLIED From left: Samir Saban, chief executive of Premier Food and Fishing, Khalid Abdulla, deputy chairman of PFF and chief executive of AEEI, and Tatenda Bundo, chief financial officer of PFF.