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Zeder Investments Ltd Announces Acquisition Of Shareholding In Capespan Group Limited


Wednesday, 17 Apr 2013 02:03am EDT 

Zeder Investments Ltd announced that Zeder, acting through wholly owned subsidiary, Zeder Financial Services Limited, has reached agreement with Total Produce plc on April 16, 2013 (the Agreement), to acquire the entire shareholding held by Total Produce in Capespan Group Limited (Capespan) (the Acquisition). Following the aforementioned Acquisition, Zeder will hold 226,806,385 ordinary shares in Capespan, equating to approximately 71.1% of the Capespan’s total issued ordinary share capital net of treasury shares. The purchase consideration is in the amount of ZAR258 million to be paid in cash by Zeder by April 23, 2013 against delivery of transfer documents. The effective date of the transfer of the Capespan shares in terms of the Acquisition will be five business days after the date of the Agreement, being April 23, 2013. 

Company Quote

429.0
2.0 +0.47%
17 Apr 2014