Seeka clears first hurdle in Orangewood amalgamation

01 October 2021

Seeka clears first hurdle in Orangewood amalgamation

Seeka Limited [NZX:SEK] advises that the Shareholders of Orangewood Limited voted in favour of
acquisition by amalgamation with Seeka today. 100% of shareholders who voted, at the
Orangewood Special Shareholders Meeting, were in favour well ahead of the required 75%
threshold.
The transaction still has conditions to be met and to obtain any regulatory approvals (to the extent
any are required). The transaction is expected to be completed before 15 December 2021.
Fred Hutchings, Seeka Chair, commented that the high level of support from the Orangewood
shareholders is very pleasing and is a positive confirmation of shareholder and grower confidence in
the deal and the future. Commercially there is common sense in bringing the two companies
together in the region. The integration process will commence once the deal is settled.
Brad Davies, Orangewood Chair, advised that this transaction makes sense from every perspective
given Orangewood would need significant capital investment while Seeka has already made the
investment and has processing capacity available along with a track record of delivering competitive
returns to its growers and stakeholders.

Release ends:
For further information please contact:
Michael Franks Seeka Chief Executive 021356516
Stuart McKinstry Seeka Chief Financial Officer 0212215583