Seeka exercises Zespri minority buy-out rights

Seeka advises the market that it has exercised its minority buy-out rights under the Companies Act as a consequence of Zespri's recent passed Constitutional Changes in respect of the Zespri shares the Company holds. The terms of the buyout rights will see Seeka receive some $6.11m from Zespri on or about 10 April 2018. The strike price being $8.25 per share. The price received for each share compares favourably to the carrying value of $8.22 per share as at the 31 December 2017. Seeka advises that the monies will be used to fund capital expenditure and repay debt. Ends: For further information please contact: Michael Franks Seeka Chief Executive 021356516 Stuart McKinstry Seeka Chief Financial Officer 0212215583 End CA:00316345 For:SEK Type:GENERAL Time:2018-04-04 09:48:46