Nisa-Today's has confirmed that it aims to hold the shareholder vote on the final terms of its merger with Costcutter in October.

In a statement to Nisa-Today's members the organisation said it expected the board to vote on the terms in September. It said after that it would issue a circular to all members in preparation for an extraordinary general meeting to ratify the terms in October.

The board said it still fully backed the merger and added that the latest indications were that it would incur less bank debt than initially expected.