/ 4 December 2000

SEA HARVEST DRAWS IN NETS

SOUTH Africa’s Sea Harvest Corporation has delisted from the Johannesburg bourse because 90% of its shares are held by controlling shareholders and employees, the company said. ”The amount of shares being traded no longer justified the cost of retaining the listing,” Sea Harvest chairman Chris Nissen said in a statement. Minority shareholders have been offered 725 cents a share to sell their shares to controlling shareholders Tiger Brands Ltd and Brimstone Investment Corporation. – Reuters