Tuesday 4th May 2021 |
Text too small? |
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
No comments yet
CDC Independent Valuation - 30 June 2025
TruScreen Group Limited SPP Update
THL provides updated guidance
CEN - Greymouth gas deal
July 4th Morning Report
July 3rd Morning Report
ikeGPS Chief Financial Officer Transition
TWL - TradeWindow announces strategic partnership with FTA
BLT - Patent issue settled and new 5 year agreement with BSP
July 2nd Morning Report