It must be hard to be casual about R3.3-billion, but Shoprite founder and chairman Christo Wiese does do a convincing job of it. In an interview withthis week, he seemed to take the idea of his great Shoprite payday in his stride. But there was a little sting in the tale.
Wiese owns 305.6-million deferred shares which control 32.2% of Shoprite’s voting rights, because this class of shares have higher voting rights. They were issued to him in 2000 at a nominal value of 0.1c a share as what’s called a founder’s share. Last week it became clear that some key shareholders were against the deal, significantly including fund manager Coronation, which owns a little more than 5.5% of the shares on behalf of clients. That means it only needs another 10% to vote against for the deal to fail.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
BUSINESS MAVERICK: Book Extract: Christo Wiese – Risk and RichesIn this extract from Christo Wiese – Risk and Riches, Wiese is told about the accounting problems at Steinhoff that started the collapse of the company’s share price – and the unravelling of his life’s work.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Tesla Manager Sees Risk of Battery-Minerals Shortage in FutureBooming demand for electric vehicles and insufficient investment in mines could result in a global shortage of minerals needed to manufacture rechargeable batteries in a few years’ time, a Tesla Inc. representative told U.S. officials and mining executives in a meeting in Washington.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Britons opt for non-EU holidays in face of Brexit impasse – Thomas CookBritish holidaymakers are favouring destinations outside the European Union after repeated delays to Brexit discouraged travellers from booking early and prompted them to look further afield, travel firm Thomas Cook said on Monday. Not Britons but Muslim Turks .
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Strong ANC Win Would Boost S. African Asset Prices, Goldman SaysA strong win for South African President Cyril Ramaphosa’s African National Congress in next week’s election would trigger a rally in asset prices, according to Colin Coleman, head of sub-Saharan Africa at Goldman Sachs Group Inc. Unfortunately for Goldman Sachs and Colin Coleman, we will vote for EFF... No,a Coalition should do the trick,Same as in Johannesburg. It's true. The international opinion formers that define what we pay for the necessary debt for infrastructure and development know a vote for CyrilRamaphosa and the MYANC is a vote for the future.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Thursday May 2: Five Things You Need to Know to Start Your DayThe Fed stands pat, mostly. U.S. Treasury Secretary Steven Mnuchin calls China trade talks “productive,” and yet another Brexit compromise is brewing. Here’s what’s moving markets.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Monday April 28: Five Things You Need to Know to Start Your DayTakeaways from China’s Belt and Road forum. Japan markets are shut for the week, but there is a slew of key global data that traders will be watching. Incumbent Sanchez set to be returned as Spain’s PM after election. Here’s what’s moving markets.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Woodstock 50th anniversary going ahead, organisers say, despite investor withdrawalA planned three-day concert marking the 50th anniversary of theWoodstock music festival was thrown into doubt on Monday after the lead investors said they had canceled the event but organisers said they were going ahead.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Tuesday, April 30: Five Things You Need to Know to Start Your DayWarnings signs for China stocks and Boeing says it didn’t mean to deactivate a pilot alert on the 737 Max. Here’s what’s moving markets.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »
Business Maverick: Gold Gets Taken for a Ride as Price Gyrates After Fed CommentsGold traders can be forgiven for feeling a bit queasy as efforts to parse economic signals from the U.S. Federal Reserve put them on a roller-coaster ride.
Källa: dailymaverick - 🏆 3. / 84 Läs mer »