Deneb - category 2 disposal
Shareholders were advised that on 1 August 2025, the Company, through its wholly-owned subsidiary, Sargas (Pty) Ltd. ("Seller"), entered into an agreement ("Agreement") with Earth Instyle (Pty) Ltd ("Purchaser") in terms of which the Seller will dispose of the property situated at 195 Leicester Road, Mobeni, Durban and known as Erf 472 Mobeni, Registration Division FT, Province of KwaZulu Natal, in extent 1.4167 hectares ("the Property"), to the Purchaser, for a consideration of R48 500 000 ("Disposal Consideration"), excluding VAT ("Disposal"). The Purchaser is a wholly-owned subsidiary of Middle Lane Capital (Pty) Ltd., which is beneficially owned by the SRITU Family Trust with individual beneficiaries, none of whom are related parties of the Company.
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