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Zeder plans special dividend from Zaad sale proceeds

Published

Zeder Investments expects to receive about R1.4bn from selling its Zaad seed and crop-protection business. The company said it plans to pay most of that money to shareholders, and expects the sale to close by November 30.

Zeder will declare the special dividend once it receives the proceeds. The company said it may keep some money to cover possible liabilities. November 30 is the extended long-stop date for closing the sale.

Zeder keeps a 48.6% interest in May Seed, a Turkish seed producer and distributor. It holds a 97.19% stake in Zaad International in Mauritius.

In the six months covered by its results, Zeder paid shareholders a special dividend of R108m. Net asset value per share fell 16.1% from a year ago to R1.41.

The attributable and headline loss per share narrowed to 2.8c from 10c. The loss before tax from continuing operations was R1m, compared with R3m before.

Key facts

Who
Zeder Investments (agribusiness investment holding company selling Zaad business); Zaad (seed and crop-protection business being sold); May Seed (Turkish seed producer and distributor in which Zeder retains a 48.6% interest)
What
Agribusiness investment holding company Zeder Investments said it expects to receive about R1.4bn from the disposal of its Zaad seed and crop-protection business, expected to close by November 30, and plans to distribute most of the proceeds to shareholders via a special dividend.
When
22 October 2026
Where
Bellville, Cape Town, Turkey
Status
Reported

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