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Restructure and extension of its original BEE transaction and the introduction of an employee share ownership plan.
Investec Bank assisted Reunert Ltd in the restructure and extension of its original BEE transaction and the introduction of an employee share ownership plan. Through this transaction, Reunert will provide qualifying employees with an opportunity to participate in the value of Reunert, thereby strengthening the alignment of their economic interests with those of other Reunert stakeholders and the future success of Reunert. It will also continue empowering black female youth through the Rebatona Educational Trust. In aggregate the Rebatona Educational Trust and the employee share ownership trust will, effectively, hold c.13% in Reunert shares.
About Reunert Ltd
Reunert comprises a diversified portfolio of businesses in three main segments: electrical engineering, information and communication technology and applied electronics. It holds a portfolio of well-known and respected South African brands including CBI-electric, Nashua and Reutech. Reunert is committed to supporting South Africa's BEE initiatives and has over the years successfully introduced black people as shareholders of many of its operating companies.