Ekaterra Tea Kenya PLC (Unilever Tea) has made a proposal to shareholders of Limuru Tea Plc (NASE:LIMT) to acquire up to 100% of the ordinary shares in the share capital of Limuru Tea Plc that are not already legally or beneficially owned by Ekaterra Kenya (the Offer) Ekaterra Kenya already owns approximately 52% of the Issued ordinary shares of Limuru Tea Pic. The Offer will be open to all remaining shareholders of Limuru Tea Pic. and Ekaterra Kenya will only acquire additional shares from those shareholders who express their wish to realise their investment in Limuru Tea Plc by selling their shares to Ekaterra Kenya.

In its notice, Ekaterra Kenya has stated that it has no current plans to delist the company from the Nairobi Securities Exchange and has not set any minimum threshold for acceptances for the Offer. Unilever Tea Kenya has not disclosed the offer price at which it intends to buy out the minority shareholders.