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Heriot - acquisition of interest in KPI & circular
The Company has entered into exchange agreements with Heriot Investments (Pty) Ltd. ("Heriot Investments") and Gabenjosh Investments (Pty) Ltd. ("Gabenjosh"), in terms of which the Company will acquire 2 700 ordinary shares in Katleho Property Investments (Pty) Ltd. ("KPI"), representing 67.5% of the issued share capital of KPI, from Heriot Investments and 300 ordinary shares in KPI, representing 7.5% of the issued share capital of KPI (collectively the "KPI Shares") from Gabenjosh, in exchange for 5 605 050 ordinary shares in the Company ("the Acquisitions").
Effective Date
The Acquisitions will become effective on 30 June 2026 ("Effective Date"), subject to the fulfilment or waiver, as the case may be, of the suspensive conditions by no later than the Effective Date (or any extended date agreed between the parties).
Distribution of Circular
The Company has today, Friday, 19 June 2026, distributed a circular to shareholders in relation to the Acquisitions, including, inter alia, a resolution to be voted on in writing in terms of section 60 of the Companies Act ("Circular") to approve the issue of the Consideration Shares ("Resolution"). The Circular is also available for viewing on the Company's website at https://www.heriotreit.com/investor-relations.
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