Emira acquires strategic stake in Octodec
Emira Property Fund (JSE: EMI) has concluded its voluntary offer to shareholders of Octodec Investments Limited increasing Emira's total shareholding in Octodec to 23.5%.
James Day, CEO at Emira
James Day, CEO of Emira, is happy with the outcome. “Emira is pleased to have surpassed its goal of acquiring a strategic 20% stake in Octodec by concluding the voluntary offer at 23.5%.”
Commenting about how Emira’s shareholding may impact Octodec in the market going forward, Day said: “Seeing as our shareholding was predominantly acquired from major institutional shareholders, what was an already thinly traded share will be even more illiquid going forward. However, as a long-term strategic shareholder this is not an issue for Emira and we are excited to support Octodec’s growth and performance.”
Emira expects to release its full-year results for the financial year ended 31 March 2026 on Wednesday, 27 May 2026.
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