Seeka Limited advises that the amalgamation with Orangewood Limited has been successfully completed subject only to issue by the Companies Office of the Certificate of Amalgamation, following which Orangewood will be a wholly owned subsidiary of Seeka and Orangewood shareholders will all become shareholders in Seeka.
All conditions of the $6.9m transaction have been satisfied.
Seeka will issue 639,302 new shares and pay $1,301,737 to Orangewood shareholders, and assume $2.15m of Orangewood debt.
Seeka now moves into an integration phase to align the business processes of Orangewood with Seeka and to set the combined Northland business for a successful 2022 harvest season.
For more information:
Michael Franks
Seeka
Tel: +64 21356516