Sea Harvest raises USD100 million in its JSE IPO

Sea Harvest raises USD100 million in its JSE IPO

As a follow up to its plan to raise ZAR1.3 billion (USD100 million) through initial public offering, Sea Harvest said it has successfully sold 106 333 334 Shares at a price of R12.50 per Share.

The company said “strong levels of demand for Sea Harvest shares (“Shares”), Sea Harvest increased the size of
the Offer”

The settlement date for the Offer will be Thursday, 23 March 2017, on which date the Shares will be listed on the Main Board of the JSE with effect from the commencement of trade in the “Farming, Fishing and Plantation” sector under the abbreviated name “SeaHarvst”, JSE share code “SHG” and ISIN ZAE000240198. Any change in the aforementioned date will be announced on SENS.

The successful IPO values the company at ZAR3.4 billion.

Sea Harvest is the second seafood company to list on the Johannesburg Stock Exchange after Premier Food and Fishing Limited, a subsidiary of African Equity Empowerment Investments, listed 117 million earlier this month.

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