Wilderness to exit BSE via P1bn deal

Shareholders will soon be asked to vote on the P6.25 per share the firm African Wildlife Holdings Limited, is offering for their shares. If the offer is successful, Wilderness Holdings will exit the BSE and go private. 

Facts contained in a statement released this afternoon indicates the offer will easily meet the threshold required for approval, as already Wilderness investors holding 61.9% of the issued shares have given guarantees that they will vote for the offer. African Wildlife Holdings Limited only needs to secure a minimum of 35.1% of the current shares for the offer to pass, a small task as the investment group currently holds 25.3% in Wilderness.