Food
By Josh White
Date: Monday 05 Mar 2018
LONDON (ShareCast) - (ShareCast News) - Zambeef updated the market on the sale of most of its Zampalm subsidiary on Monday, to the Industrial Development Corporation of Zambia (IDC).
The AIM-traded company initially announced in September that it had entered into a share sale agreement, a shareholders agreement and a management agreement with IDC, for the sale of 90% of Zampalm for a cash consideration of $16m.
At the time, it said completion was subject to certain conditions precedent to be satisfied within 180 calendar days following the signing of the agreements.
That date was set as 5 March.
"The parties have mutually agreed to extend the long stop date to 6 April, to allow the parties to fulfil the outstanding conditions precedent to the share sale agreement," Zambeef's board said in its statement.
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Currency | UK Pounds |
Share Price | 5.75p |
Change Today | 0.000p |
% Change | 0.00 % |
52 Week High | 7.75 |
52 Week Low | 4.85 |
Volume | 54,099 |
Shares Issued | 247.98m |
Market Cap | £14.26m |
Value |
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Price Trend |
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Income |
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Growth |
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No dividends found |
Time | Volume / Share Price |
14:00 | 54,029 @ 5.75p |
14:00 | 54,000 @ 5.75p |
14:00 | 29 @ 5.75p |
10:05 | 70 @ 5.55p |
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