SOURCE: Agria Corporation

Agria Corporation

March 30, 2011 23:43 ET

Agria Gives Notice to Extend PGG Wrightson Limited Partial Takeover Offer Period From 15 April to 23 April 2011

BEIJING--(Marketwire - March 30, 2011) -   Agria (Singapore) Pte Ltd (Agria) today gave notice to extend the offer period from 15 April to 23 April 2011 for its partial takeover offer (Offer) to the shareholders of PGG Wrightson Limited (PGW). 

The notice is pursuant to Rule 28 of the Takeovers Code that it has varied the Offer in accordance with Rule 27(d) and (e) of the Takeovers Code by extending the offer period and the date specified in the Offer by which it is to become unconditional, from 15 April 2011 to 23 April 2011. This has been agreed with Pyne Gould Corporation Limited (PGC) in accordance with the pre-bid agreement entered into between Agria and PGC.

The Offer refers to the partial takeover offer by Agria dated 24 January 2011 to purchase an additional 38.3% of the shares in PGG Wrightson Limited not currently held by Agria. 

All other terms of the Offer remain as set out in the Offer.

About Agria Corporation

Agria Corporation (NYSE: GRO) is a China-based company with investments in the agricultural sector. For more information about Agria Corporation, please visit www.agriacorp.com.

Safe Harbor Statement:

This announcement contains forward-looking statements. These statements are made under the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "confident" and similar statements. Agria may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission on Forms 20-F and 6-K, etc., in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Agria's beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of important factors could cause actual results to differ materially from those contained in any forward-looking statement. Potential risks and uncertainties include, but are not limited to, those risks outlined in Agria's filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this announcement unless otherwise stated, and Agria does not undertake any obligation to update any forward-looking statement, except as required under applicable law.

Contact Information