BRIEF-Sabvest Announces Proposed Simplification Of Co's Dual Listed Share Structure

  • Reuters
  • Stock Market News
BRIEF-Sabvest Announces Proposed Simplification Of Co's Dual Listed Share Structure
Credit: © Reuters.

Oct 28 (Reuters) - Sabvest Ltd SBVJ.J :

* JSE: SBV - SVN - PROPOSED SIMPLIFICATION OF SABVEST'S DUAL LISTED SHARE STRUCTURE

* SABVEST LTD - ENGAGED WITH JSE LIMITED AND SEABROOKE FAMILY TRUST WITH VIEW TO SIMPLIFYING CO'S CURRENT DUAL SHARE STRUCTURE

* SABVEST - ENVISAGED THAT PROPOSED RESTRUCTURE WILL BE IMPLEMENTED BY WAY OF SCHEME OF ARRANGEMENT TO BE PROPOSED BY CO BETWEEN CO, SHAREHOLDERS

* SABVEST LTD - UNDER PROPOSED RESTRUCTURE, A NEW COMPANY, SABVEST CAPITAL LIMITED WILL BE INCORPORATED AND REGISTERED

* SABVEST LTD - UNDER PROPOSED RESTRUCTURE, SABCAP WILL CREATE AND ISSUE AN UNLISTED Z SHARE TO SFT ("Z SHARE") AT A R1 ISSUE PRICE

* SABVEST LTD - UNDER PROPOSED RESTRUCTURE, SABCAP WILL CREATE AND ISSUE ONE CLASS OF ORDINARY SHARES, TO BE LISTED ON JSE

* SABVEST - FOLLOWING IMPLEMENTATION OF PROPOSED SCHEME, SABCAP WILL OWN ALL ORDINARY AND N ORDINARY SHARES IN SABVEST

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