Shoprite chair Christo Wiese talks to Business Day TV to give more details on the plan to simplify the company’s voting structure
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Christo Wiese adamant on R3.5bn Shoprite share schemeShoprite founder and chair is not budging on the terms of a proposed share repurchase scheme
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BUSINESS MAVERICK: Shoprite’s R3.3bn payout proposal to Christo Wiese could easily be voted downWhen a company puts out an announcement involving R3.3bn on a Thursday afternoon before a long weekend, you have to wonder. And that is what the financial community has been doing about Shoprite’s proposal to pay its chairman R3.3bn for high voting-power shares with an actual monetary value of, well, nothing. There are some who think it’s a deal worth doing, but some significant shareholders on Tuesday said, very firmly, they would be voting against the proposal. The deal could very easily fail.
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Christo Wiese adamant on R3.5bn Shoprite share schemeShoprite founder and chair is not budging on the terms of a proposed share repurchase scheme
Read more »
Shoprite investors brace for Christo Wiese’s R3.5bn paydayThe keenly awaited transaction is expected to simplify the company’s voting-share structure
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BUSINESS MAVERICK: Shoprite’s R3.3bn payout proposal to Christo Wiese could easily be voted downWhen a company puts out an announcement involving R3.3bn on a Thursday afternoon before a long weekend, you have to wonder. And that is what the financial community has been doing about Shoprite’s proposal to pay its chairman R3.3bn for high voting-power shares with an actual monetary value of, well, nothing. There are some who think it’s a deal worth doing, but some significant shareholders on Tuesday said, very firmly, they would be voting against the proposal. The deal could very easily fail.
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