BRIEF-Zeder Updates On Pioneer Food Stake

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BRIEF-Zeder Updates On Pioneer Food Stake
Credit: © Reuters.

July 19 (Reuters) - Zeder Investments Ltd ZEDJ.J :

* JSE: ZED - CATEGORY 1 DISPOSAL ANNOUNCEMENT

* ZEDER - HOLDS 58.3 MLN PIONEER ORDINARY SHARES EQUIVALENT TO 28.23% OF PIONEER FOODS SHARES ENTITLED TO VOTE ON SCHEME, RELATED DEAL RESOLUTIONS

* ZEDER - ZEDER DISPOSAL IS IMPLEMENTED AT BASE PRICE, IT IS ANTICIPATED THAT CO WILL RECEIVE ABOUT ZAR6.4 BLN THROUGH DISPOSAL OF DISPOSAL SHARES

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