In terms of the transaction and subject to unit-holder approval, Shops For Africa would be voluntarily wound up following the sale, a liquidation dividend would be paid to unit holders and the company would be delisted.

ApexHi would settle the purchase price by paying R240 million in cash and the balance by the issue of linked units in ApexHi at R13.50 each. ApexHi rose 1c to R8.48 and Shops for Africa was unchanged at R2.50. - Roy Cokayne, Pretoria