Zeder Investments (ZED) said on Thursday that its wholly owned subsidiary Zeder Financial Services, has acquired additional shares in Capespan Group.
Between June 22 and July 7, Zeder acquired 10.3 million shares in Capespan at 225 cents per share representing a total rand value of shares acquired of 23.12 million rand.
“Zeder, through Zeder Financial Services Limited, now owns approximately 36.1% of the issued share capital of Capespan, excluding treasury shares,” the group said.
Accordingly, Zeder added that the general offer to Capespan shareholders, as announced in mid-June now became a mandatory offer.
Zeder advised on June 14 of its firm intention to make a cash offer to acquire all Capespan shares not held by the group. -
I-Net Bridge