date:Aug 14, 2018
r their shares at a premium price.
Major shareholder, the Kerry Stokes family-owned Wroxby Limited, which holds 20pc of Capilano shares, confirmed it will support the scheme implementation agreement and then take the share offer rather than payment.
The offer needs 75pc support from shareholders, of whom only about 10pc are honey suppliers to the business.
Board member and apiarist for 40 years, Mr McHugh felt the opportunity to de-list from the ASX would let Capilano focus on more longer ter