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09 May 2017

Spur founder sells his shares for R100m

Carn Smith

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Cape Town - Spur Corporation [JSE:SUR] announced in a Sens statement on Tuesday that its executive chair and founder Allen Ambor has sold his 3 099 176 ordinary shares in the company at R32.50 for a total of R100.723m.

This comprises all the shares he held in Spur, CEO Pierre van Tonder told Fin24.

Ambor opened the first Spur Steak Ranch in 1967 and from there it grew to the giant franchise company of today.

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