PORT OF SPAIN, Trinidad – May 1, 2025. A.S. Bryden & Sons Holdings Limited (JSE:ASBH) (“ASBH”), a reporting issuer and company incorporated in Trinidad and Tobago, with offices located at 1 Ibis Avenue, San Juan, Trinidad announced that it has a received a Take Over Bid Circular (the “Offer Document”) issued by its parent company Seprod Limited (JSE:SEP) (“Seprod”).
The Offer Document was issued by Seprod pursuant to Securities Industry (Take-Over) By-Laws, 2005 issued by the Trinidad and Tobago Securities and Exchange Commission under the Securities Act and contains an offer by Seprod to purchase up to 447,491,012 ordinary shares in ASBH in exchange for newly issued ordinary shares in Seprod, at a rate of 396.43 ordinary shares in Seprod per 1,000 ordinary shares of ASBH (disregarding fractions). Unless extended, the Offer period will expire on June 5, 2025. The Offer Document may be obtained on Seprod’s website (https://www.seprod.com/investor-relations/) or from Republic Wealth Management Limited.
The Board of Directors of ASBH has appointed a special committee consisting solely of directors with no association to Seprod to independently consider the Offer Document and to issue a Director’s Circular addressed to all ASBH shareholders with respect this Offer.
