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Wed 22 Apr 2026
Close: 1 683c 
Day's move: -17c (-1.00%)
Volume: 45 068
Trades: 35
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Octodec - acquisition of Octodec shares by Emira
Octodec shareholders ("Shareholders") and noteholders are referred to the announcement released by Emira on SENS on 13 April 2026 ("Emira Announcement") in respect of Emira's acquisition (through its wholly-owned subsidiary, Freestone Property Investments (Pty) Ltd.) of 53 698 356 ordinary shares in Octodec, representing a shareholding of c.20.17%, for an aggregate purchase consideration of R891 773 046 in a series of off-market transactions ("Acquisition"), and a voluntary offer by Emira to acquire up to a further 39 204 583 Octodec shares ("Voluntary Offer") for a cash consideration of R16.75 per share ("Offer Consideration"). The Acquisition and the Voluntary Offer (if accepted in full) will collectively represent 34.9% of Octodec ordinary shares in issue.
The Board notes from the Emira Announcement that Emira considers its investment in Octodec "to be consistent with its investment strategy of deploying capital into meaningful, value accretive opportunities, specifically by acquiring strategic, cornerstone stakes in listed and unlisted property companies at discounts to the reported value of their underlying property portfolios". In this regard, the Board is of the view that the Voluntary Offer undervalues Octodec, with the Offer Consideration being at a significant discount to the reported net asset value. The directors who are Shareholders do not intend to dispose of any Octodec shares under the Voluntary Offer.
Octodec expects to publish its interim results for the 6 months ended 28 February 2026 on 12 May 2026, at which time management will be in a position to disclose further updates on its strategic initiatives.
Shareholders are advised to consult with their broker or an independent financial advisor before making a decision in respect of the Voluntary Offer.
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Octodec Investments Ltd. - TRP121: Notification of
The company has issued a statement regarding an interest in shares.
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Click here for original article
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Octodec Investments Ltd. - TRP121: Notification of
The company has issued a statement regarding an interest in shares.
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Click here for original article
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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