Seeka Limited (NZX: SEK) Completes OPAC Amalgamation

Seeka Limited advises that the amalgamation with Opotiki Packing and Cool Storage Limited (“OPAC”) has been successfully completed subject only to issue by the Companies Office of the Certificate of Amalgamation, following which OPAC will be a wholly owned subsidiary of Seeka and OPAC shareholders will all become shareholders in Seeka.

All conditions of the $59m transaction were satisfied including; the overwhelming shareholder support of both companies; support of OPAC growers and banking support from Westpac.

Seeka will issue 7,042,574 new shares to OPAC shareholders and assume $25.09m of OPAC debt.

Seeka now moves into an integration phase to align the business processes of OPAC with Seeka. The immediate focus of management is to complete a safe and successful harvest. Seeka thanks the advisers and due diligence partners on behalf of both companies on the successful completion of this transaction.

Please see the link below for details

Opac Amalgamation Completed 4 May 2021

Source: Seeka Limited

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

PGW - Positive PGW Results in Improving Markets
TEM - Board appointment
VGL - Vista congratulates James Miller on FMA Chair appointment
RYM - Director resignation and committee chair appointment
MFB - Chair Succession
CNU - Update on constitutional ownership restrictions
CEN - Contact, CDC partner to explore data centre development
August 10th Morning Report
August 7th Morning Report
PHL - Promisia to acquire Chatswood Retirement Village