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Shares / Re: I haven't worked for four years...
« on: December 20, 2017, 10:02:38 am »
The only thing he can't break is a drought.
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The Shoprite related call options have been exercised, we all know that, but will this actually come about? The options were exercised before the brown stuff hit the fan.QuoteThe implementation of the investment in Shoprite is subject to a number of conditions
precedent as set out in the Pre-listing Statement, which include, inter alia, merger filings with
various African Competition Authorities. To this end, the filings are being completed and will
be submitted to the relevant authorities in the foreseeable future.
Shareholders will be informed once all the conditions precedent for the implementation of the
transaction have been met.
was the sale of the shares not a forced sale by the lenders who held his shares as security?Yes, those were shares lodged with banks as surety for financing the business. As a result voting pool drops to below 30% - breaks voting pool control over Steinhoff.