Johannesburg - Investment group Remgro [JSE:REM] said on Wednesday that its board had approved the unbundling of 30.215 million shares of diamond exploration, mining and marketing group Trans Hex Group [JSE:TSX].
The shares equate to 28.49% of the entire issued share capital of Trans Hex to Remgro's ordinary shareholders and "B" ordinary shareholders by way of a distribution in the ratio of 5.85 Trans Hex shares for every 100 Remgro ordinary shares or "B" ordinary shares held by shareholders on the unbundling record date in September.