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Premier Group Limited announced a firm intention to acquire all issued ordinary shares of RFG Holdings Limited via a scheme of arrangement, with RFG shareholders receiving 1 Premier share for every 7 RFG shares, representing a 22.5% stake in the combined group. The deal includes delisting of RFG from the JSE.
“Premier will make an offer to acquire all of the issued ordinary shares in RFG in exchange for the issue by Premier of ordinary shares in Premier, in the ratio of 1 Premier Share for every 7 RFG Shares.”listcorp.com
Summarized from public sources; check the original articles before acting on it.