Seed Co International Limited Notice of Drag Along

NOTICE IS HEREBY GIVEN to the Holders of Target Shares in Seed Co Limited (“SCL”) that, as per the Results of the Offer by Seed Co International Limited (“SCIL”) to SCL shareholders above, SCIL’s Secondary Offer to shareholders of SCL holding Target Shares was accepted by holders of at least 90% of the Target Shares.

Pursuant to the provisions of Section 238 (1) of the Companies and Other Business Entities Act [Chapter 24:31], SCIL hereby gives notice to the Remaining Shareholders of SCL that it wishes to acquire all the remaining shares at the same consideration as per the original SCIL Offer to all SCL shareholders.

Accordingly, all the remaining shares of SCL shall be acquired by SCIL and the Remaining Shareholders shall be issued with shares in SCIL based on 1 SCIL ordinary share for every 0.98 SCL ordinary shares held.

Remaining Shareholders should contact the Transfer Secretaries, Corpserve Registrars on 2nd Floor, ZB Centre, Corner First Street and Kwame Nkrumah Avenue, Harare or email [email protected] to claim their new SCIL shares that would be held in trust until claimed.

By Order of the Boards

E. M. Kalaote
Company Secretary
Seed Co International Limited

T. N. Chimanya
Company Secretary
Seed Co Limited

4 March 2021

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