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Latest News: Marshall Monteagle plc MARSHALL [MMP]

Mon, 27 Oct 2025	Official Announcement [WDW]
Marshall - disposal of immovable property Marshalls shareholders were referred to the terms announcement published on SENS on Wednesday, 22 October 2025, wherein they were advised that the Company via its wholly owned subsidiary, Monteagle Property Holdings (Pty) Ltd., concluded a Disposal Agreement in terms of which it will dispose of the immovable property known as Nicol Garage, Durban, Kwa-Zulu Natal to Trestan Distributors (Pty) Ltd. (the "Purchaser") for a consideration of R68.5 million. The Company has now received confirmation from the Purchaser that the beneficial owners of the Purchaser are Mr Abdulla Ally and Mr Bilall Ebrahim Abdoola. Marshalls confirm that the R5 million non-refundable deposit has been paid by the Purchaser into the conveyancer's trust account in terms of the Disposal Agreement.
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