|
|
Af & Ovr - further stake acquisition
Shareholders were advised that Rex Trueform Group Ltd. ("Rex Trueform"), a 50.57% subsidiary of AOE, entered into a sale of shares agreement ("Sale Agreement") on 26 August 2025 in terms of which Rex Trueform will increase its stake in Byte Orbit (Pty) Ltd. ("Byte Orbit") from 30.02% to 51.02% (the "Transaction"). In terms of the Sale Agreement, Rex Trueform will acquire a further 21% equity interest in Byte Orbit by acquiring 2 047 Byte Orbit ordinary shares on 1 September 2025 from a majority shareholder of Byte Orbit, being Amit Ramdath (the "vendor") for a purchase consideration of R21 000 000.00 which consideration will be satisfied through the issue of 1 694 915 new Rex Trueform "N" ordinary shares at an issue price of R12.39 per share, calculated at the volume weighted average price per share, as quoted on the JSE, as at the close of trading on 22 August 2025.
|
|
Click here for original article
|
| |
| |
| Click here for full news archive for this company |
|
| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
| |
|
|
