Key Shareholders Review Option to Divest Stake in Mitchells Fruit Farms

Two big shareholders of Mitchells Fruit Farms Limited (PSX: MFFL) holding in aggregate 40.63 percent of the issued share capital of the Company, are exploring various strategic options in relation to their investment in the Company. These options include potential divestment of their entire stake in the Company (Strategic Review). In light of this, the Company will be preparing a data room to facilitate the Shareholders for purposes of any diligence exercise that may be required in the context of the Strategic Review. Any decision relating to the Strategic Review shall be subject to regulatory approvals as well as the execution of definitive agreements, the filing added. MFFL is principally engaged in the manufacture and sale of various farm and confectionery products.