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Primary Opinion Ltd: shareholders to vote on company direction

Published: 12:30 24 Jun 2016 AEST

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Primary Opinion Limited (ASX:POP) recently entered into discussion to acquire a 48% equity stake in  a well-known Australian media and cooking identity, Maggie Beer's premium food products company, for $15 million.

Maggie Beer Products Pty Ltd makes premium food products under the Maggie Beer brand for retailing in Australia through supermarkets, gourmet food stores and online channels.

The ASX has granted Primary Opinion a trading halt pending the release of the results of a general meeting of shareholders to be held today.

The purpose of this meeting is to approve changes in the company’s activites and in the proposed transaction with Maggie Beer Products.

The halt will remain in place until the opening of trade on Tuesday 28th June 2016, or earlier if an announcement is made to the market.

 

Proactive Investors Australia is the market leader in producing news, articles and research reports on ASX emerging companies with distribution in Australia, UK, North America and Hong Kong / China.

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