Seprod Announces Intention to Acquire Additional Shares of A.S. Bryden

PORT OF SPAIN, Trinidad – May 1,2025. Seprod Limited (JSE:SEP) (“Seprod”), a company incorporated in Jamaica and a reporting issuer in Trinidad and Tobago with offices at 3 Felix Fox Boulevard, Kingston, Jamaica announced its intention to acquire up to 447,491,012 ordinary shares of its subsidiary A.S. Bryden & Sons Holdings Limited (JSE:ASBH) (“ASBH”) representing 29.85% of ASBH’s outstanding shares (the “Offer”).  The offer price payable to ASBH shareholders that accept the Offer is newly issued ordinary shares in Seprod, at a rate of 396.43 ordinary shares in Seprod per 1,000 ordinary shares of ASBH (disregarding fractions). Unless extended, the Offer period will expire on June 5, 2025.

Seprod has issued a Take Over Bid Circular (the “Offer Document”) pursuant to Securities Industry (Take-Over) By-Laws, 2005. Copies of the Offer Document will be delivered to the Board of Directors of ASBH and will be filed in Trinidad and Tobago with the Trinidad and Tobago Securities and Exchange Commission. The Offer Document may be obtained on Seprod’s website (https://www.seprod.com/investor-relations/) or from Republic Wealth Management Limited.

The lead broker with respect to this Offer is Republic Wealth Management Limited who may be contacted with respect to any inquiries about the Offer at their offices, 8 Rapsey Street Ellerslie Plaza, Maraval, Trinidad and Tobago (Tel: 868-625-3617, Ext. 69919, 69914, 69913, 69911, 69903, 69918 or Email: invest@rfhl.com).