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Seeka Completes Orangewood Amalgamation
Te Puke, 23 November 2021: Seeka Limited [NZX:SEK] advises that the amalgamation with Orangewood Limited [“Orangewood”] 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.
Seeka thanks the advisers and due diligence teams on behalf of both companies on the successful completion of this transaction.
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