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Ackerman family gives up control of Pick n Pay

Ackerman family to give up control of Pick n Pay

Ackermans resign control of Pick n Pay

Ackermans resign control of Pick n Pay
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Ackerman Investment Holdings to forego majority shareholder voting control of Pick n Pay

Ackerman Investment Holdings (AIH), the controlling shareholder of Pick n Pay, had provided a firm written confirmation to vote in favour of and to follow their pro rata rights under the anticipated Pick n Pay Rights Offer.

Ackerman family steps back from majority control of Pick n Pay

The Ackerman family will no longer have the majority of shareholding control at Pick n Pay, paving the way for renewal at board level.

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