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Fri 13 Jun 2025
Close: 15 334c 
Day's move: -286c (-1.83%)
Volume: 1 222 474
Trades: 5 361
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Remgro - acquisition in Maziv by Vodacom update
On 6 March 2025 the Competition Appeal Court informed the transaction parties that the hearing dates in respect of the transaction have been reserved for 22 to 24 July 2025. The Company has received the Competition Tribunal's reasons for prohibiting the merger and the transaction parties submitted their updated notice of intention to appeal.
As indicated in the announcement dated 23 May 2025, the transaction parties extended the transaction long stop date to 13 June 2025. Shareholders are advised that the transaction parties have subsequently agreed to further extend the transaction long stop date to 4 July 2025.
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Remgro - summary of Manta Bidco results
Following the acquisition by Manta Bidco Ltd. ("Manta Bidco" or "Group") (a consortium comprising Remgro and MSC Mediterranean Shipping Company SA) and subsequent delisting of Mediclinic Group Ltd. ("Mediclinic"), there is no regulatory requirement for Mediclinic to release financial results. However, considering the significant contribution by Manta Bidco, the holding company of Mediclinic, to Remgro's results and intrinsic net asset value, Remgro is releasing a voluntary statement containing a summary of Manta Bidco's financial results for the year ended 31 March 2025. Manta Bidco's financial results, including divisional results and reconciliations ("Manta Bidco Abridged Results"), can be accessed at the following link to Remgro's website www.remgro.com/investor-centre/mediclinic-results/.
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Remgro - acquisition interest in Maziv
Shareholders are referred to the announcement on SENS on 10 November 2021 and further updates on 15 May 2023, 10 August 2023, 28 November 2023, 29 October 2024, 26 November 2024, 29 November 2024, 9 December 2024, 15 January 2025, 14 February 2025, 14 March 2025 and 30 April 2025. These announcements set out details of Vodacom (Pty) Ltd. proposed acquisition of a 30% interest in a newly formed entity Maziv (Pty) Ltd. ("Maziv") that would house all the material assets owned by Community Investment Ventures Holdings (Pty) Ltd., including Vumatel (Pty) Ltd.and Dark Fibre Africa (Pty) Ltd. (the "transaction").
On 6 March 2025 the Competition Appeal Court informed the transaction parties that the hearing dates in respect of the transaction have been reserved for 22 to 24 July 2025. The Company has received the Competition Tribunal's reasons for prohibiting the merger and the transaction parties submitted their updated notice of intention to appeal.
As indicated in the announcement dated 30 April 2025, the transaction parties extended the transaction long stop date to 23 May 2025. Shareholders are advised that the transaction parties have subsequently agreed to further extend the transaction long stop date to 13 June 2025.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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