AI assistant

Sign in to chat with this filing

The assistant answers questions, extracts KPIs, and summarises risk factors directly from the filing text.

Sign up Log in

Seeka Limited Capital/Financing Update 2018

Apr 3, 2018

66268_rns_2018-04-04_c3939725-ecf0-41d7-9164-0e6f92a503ef.pdf

Capital/Financing Update

Open in viewer

Opens in your device viewer

==> picture [102 x 58] intentionally omitted <==

4 April 2018

Seeka exercises Zespri minority buy-out rights

Seeka advises the market that it has exercised its minority buy-out rights under the Companies Act as a consequence of Zespri’s recent passed Constitutional Changes in respect of the Zespri shares the Company holds.

The terms of the buyout rights will see Seeka receive some $6.11m from Zespri on or about 10 April 2018. The strike price being $8.25 per share.

The price received for each share compares favourably to the carrying value of $8.22 per share as at the 31 December 2017.

Seeka advises that the monies will be used to fund capital expenditure and repay debt.

Ends:

For further information please contact:

Michael Franks Seeka Chief Executive 021356516