A Statement from Amira Nature Foods
We are aware of the recent report released yesterday containing false, factually inaccurate and fictional content obtained from previously released false statements, that have been repackaged and distributed with malafide intention.
The author has released this report to clearly benefit themselves to gain monetarily from the subsequent decline in our share price, as already described by their own admission. They have entered a short position and timed this report with a clear purpose to mislead investors and the general public at a time when the company is marketing a major financing event. This flawed report is not in the interest of investors or the general public.
This report is malafide and fictitious. ANFI categorically rejects and denies the many mischaracterizations and factually inaccurate statements put forth in the report that do not reflect reality. We intend to pursue this matter legally.
Founded in 1915, Amira has evolved into a leading global provider of
branded packaged Indian specialty rice, with sales in over 60 countries
today. The Company sells Basmati rice, which is a premium long-grain
rice grown only in certain regions of the Indian sub-continent, under
its flagship Amira brand as well as under other third party brands.
Amira sells its products through a broad distribution network in both
the developed and emerging markets. The Company’s global headquarters
Safe Harbor for Forward-Looking Statements
This press release contains statements of a forward-looking nature.
These statements are made under the “safe harbor” provisions of the U.S.
Private Securities Litigation Reform Act of 1995. You can identify these
forward-looking statements by words or phrases such as “may,” “will,”
“except,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,”
“is/are likely to,” “future” or other similar expressions. We have based
these forward-looking statements largely on our current expectations and
projections about future events and financial trends that we believe may
affect our financial condition, results of operations, business strategy
and financial needs. The forward-looking statements in this release
include statements regarding the offering of the Notes. These
forward-looking statements include, but are not limited to: our goals
and strategies; our expansion plans; and our future business
development. We would like to caution you not to place undue reliance on
forward-looking statements and you should read these statements in
conjunction with the risk factors disclosed in “Risk Factors” appearing
in our Annual Report on Form 20-F as well as other public filings with
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