Mareterram Limited - SA Reserve Bank approval for Sea Harvest proportional takeover
Mareterram Limited (ASX: MTM) has been advised that Sea Harvest has received South African Reserve Bank approval for the conditional proportional off-market cash offer. Sea Harvest is proposing to acquire 50% of the shares it does not own for 35cps cash. The Offer is expected to close on 8 July, unless extended or withdrawn.
Sea Harvest International Proprietary Limited (Sea Harvest) has announced that it has received South African Reserve Bank (SARB) approval for the proposed proportional takeover of Mareterram Limited (ASX:MTM).
The SARB approval was one of the conditions precedent for the transaction and has now been fulfilled.
Sea Harvest is offering to acquire 50% of the shares that it does not currently own for 35 cents per share cash.
The Offer is expected to open on 8 June and close on 8 July, unless extended or withdrawn.