INNSCOR Africa shareholders are set to meet next month to approve the distribution of shares in its specialty retail and distribution company via a dividend in specie. The unbundling of the group will make Innscor a fully fledged light manufacturing company following the separate listing of Quick Service Restaurants last year.According to the group, the separate listing will unlock value for shareholders; enable a clear operational focus that is attractive to investors while the new business will gain direct access to capital markets.
The extra-ordinary general meeting for shareholders will be held on May 10 while subsequently the listing will take place on May 17.
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