Save Foods's Board Of Directors Agreed To Authorize The Company's Officers To Begin Preparing A Distribution Plan Of Save Foods' Holdings In Plantify Foods, Which The Company Believes Will Launch Later In 2024
Portfolio Pulse from Benzinga Newsdesk
Save Foods's Board of Directors has authorized the company's officers to start preparing a distribution plan for its holdings in Plantify Foods, expected to launch in 2024. Save Foods holds 85,008,698 Common Shares of Plantify, representing 23.1% of Plantify's total issued and outstanding shares.
February 12, 2024 | 12:50 pm
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Save Foods is preparing to distribute its significant stake in Plantify Foods, which could impact its stock value.
The announcement of Save Foods preparing a distribution plan for its holdings in Plantify Foods indicates a strategic move that could potentially unlock value for Save Foods shareholders. This preparation for distribution, expected to launch in 2024, could lead to positive investor sentiment in the short term, as it shows proactive management and potential for future gains from the distribution.
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