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JSE-listed Altron completes Bytes demerger, R10.9b windfall for shareholders
17 December 2020 7:01 PM
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Altron shareholders will get billions in the form of Bytes ordinary shares and cash. Bruce Whitfield interviews CEO Mteto Nyati.
The JSE-listed company is headquartered in South Africa.
Bytes has been admitted. to unconditional trading on the Main Market of the London Stock Exchange, and the Main Board of the Johannesburg Stock Exchange by way of a secondary inward listing.
The move has created a windfall for Altron shareholders.
As a result of the demerger of Bytes, Altron shareholders will receive, after tax and transaction costs, a consideration of approximately GBP542m (c.R10.9 billion) in the form of Bytes ordinary shares and cash. ....

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