PIC reduces stake in Pick n Pay Stores
Fin24

PIC reduces stake in Pick n Pay Stores

2014-03-24 14:02

Johannesburg - Pick n Pay Stores advised shareholders on Monday that the Public Investment Corporation (PIC) has disposed of shares in the company.

Its total beneficial interest has been reduced by 1.506%, with its shareholding now amounting to 9.702% of the total number of shares in issue.

Formal notification has been received from the PIC and Pick n Pay Stores has filed the required notice with the Takeover Regulation Panel.