REDFORD CAPITAL NEWS
12.08.2019 Redford Capital appointed as Choppies Divestiture Advisor
Choppies announced that they completed a strategic review of the South African business and concluded that exiting the South African market is the appropriate strategic decision for the Company.
Accordingly, Choppies has commenced a process which may result in the divestment of Choppies Supermarkets SA (Pty) Ltd in whole or in part. The Board informed stakeholders of the appointment of Redford Capital (also engaged as Chief Restructuring Officer), to the role of Sole Lead Co-ordinator and Advisor on behalf of Choppies in respect of advising on and executing the divestiture transaction process.
Interested parties can participate in the Expression of Interest process at www.choppies-eoi.com.
21.05.2019 Redford Capital appointed as Choppies CRO
The Board of Choppies announced on SENS today that Redford Capital has, with effect from 13 May 2019, been appointed to the role of Chief Restructuring Officer of the company. The role of the CRO will, in summary, entail reviewing the Choppies business and identifying various action plans for implementation within the business to improve it.
Choppies has a primary listing on the BSEL and a secondary listing on the JSE. The shares are suspended from trading at the time of writing and the company issued a number of cautionary announcements on both exchanges.