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Public Investment Corporation Trims Stake in Sea Harvest Group, Spurs Market Interest

Sea Harvest
  • The Public Investment Corporation SOC Limited (PIC) has sold a portion of its beneficial interest in Sea Harvest Group, reducing its ownership stake to 4.262% of the company’s total issued ordinary shares.
  • Sea Harvest has complied with regulatory requirements by filing the necessary notice with the Takeover Regulation Panel (TRP) regarding the share disposal.
  • Sea Harvest’s board of directors takes responsibility for the accuracy of the information provided and affirms that it does not omit any material information that may affect its interpretation.

Sea Harvest Group Limited (Share code: SHG; ISIN: ZAE000240198), a leading South African fishing and food company, has announced that the Public Investment Corporation SOC Limited (PIC) has disposed of a beneficial interest in Sea Harvest. The PIC, a prominent state-owned investment manager, has sold a portion of its holdings in Sea Harvest, resulting in the PIC’s ownership stake in the company now standing at 4.262% of Sea Harvest’s total issued ordinary shares.

This transaction is in compliance with Section 122(3)(b) of the Companies Act, Act 71 of 2008, which mandates the notification of any significant share disposals by shareholders. In addition, it adheres to Regulation 121(2)(b) of the Companies Act Regulations 2011 and paragraph 3.83(b) of the Listings Requirements of the JSE Limited (JSE), ensuring transparency and accountability in the financial markets.

To meet regulatory requirements, Sea Harvest has promptly filed the necessary notice with the Takeover Regulation Panel (TRP), as stipulated by Section 122(3)(a) of the Companies Act. The TRP oversees and regulates takeover activities in South Africa, ensuring fairness and adherence to legal provisions.

Sea Harvest’s board of directors takes full responsibility for the accuracy and completeness of the information contained in this announcement. The board certifies that, to the best of their knowledge and belief, the information provided is true and does not omit any material information that may impact the interpretation or understanding of the announcement.

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