Regional seed manufacturer, Seed Co Limited says listing of its regional operations on the Botswana Stock Exchange (BSE) will be concluded in a month’s time, after shareholders approved the proposal yesterday.
SEED CO International Limited is expected to list on the local bourse and Botswana Stock Exchange (BSE) soon as the company partially unbundles to help fund its regional operations, NewsDay has learnt.
The proposed partial unbundling of Seed Co Limited and the subsequent separate listing of its regional operations on the Botswana Stock Exchange (BSE), will allow the company to pursue its regional expansion projects as it will be backed by the availability of solid hard currency funding.
Regional seed manufacturer Seed Co Limited seeks to raise $19 million through a partial unbundling, which will also result in separate listings of its regional operations.
The Seed Co Full Year Results Analyst Briefing for 2018 held at the Royal Harare Golf Club on 1 June 2018 was presented by the Group Finance Director, Mr. John Matorofa & the Group CEO Mr. Morgan Nzwere in the presence of executives, financial analysts and the media.
Seed Co FD John Matorofa told analysts yesterday that the group’s turnover for the half year ended 30 September increased by 45% to $36.07 million due to early maize seed sales and improved winter cereal seed sales.
HARARE – Seed Co’s winter cereal sales this year benefited from Command Agriculture resulting in overall volumes increasing by 257% compared to prior year, group CE Morgan Nzwere told the AGM this afternoon