NUTRITIONAL HOLDINGS SHAREHOLDERS WARNED TO EXERCISE CAUTION AS FIRM NEGOTIATES CONTRACTS

NUTRITIONAL Holdings yesterday warned its shareholders that it had entered into negotiations regarding additional global contracts, which might have a material effect on the price of the company’s shares.

The warning comes after the investment holding company concluded two contracts worth more than R2 billion with overseas companies. Nutritional Holdings as interests in the manufacture, marketing and distribution of staple dry foods, cannabis infusions, oils, extracts and related edibles. Nutritional Holdings concluded a R1.26bn three-year contract with GIH Distributors for the supply of Immune Booster to Germany. It will supply 50 000 units a month to GIH. This will increase to 200 000 units a month in the third year. The contract started at the beginning of January. The group also concluded a contract with Grovenor Supplements FZCO. The two-year contract, which started last month, is worth R776 million. Nutritional Holdings shares closed unchanged at 1 cent on the JSE yesterday.