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Thu 28 Aug 2025
Close: 17 178c 
Day's move: 299c (1.77%)
Volume: 921 662
Trades: 6 276
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Remgro - acquisition update
The Competition Appeals Court (the "CAC") has ruled to set aside the order of the Tribunal to prohibit the merger. The CAC further ruled to approve the merger subject to the conditions proposed by the merger parties.
Remgro is pleased with this positive outcome, which represents a significant milestone in the fulfilment of the conditions precedent for the Transaction.
The Transaction is still subject to approval by the Independent Communication Authority of South Africa.
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Remgro - investor call
Remgro will host an investor call today, Monday 21 July 2025 at 09:00 (SAST), in order to engage with investors regarding the transaction between Community Investment Ventures Holdings (Pty) Ltd. ("CIVH") and Vodacom (Pty) Ltd. ("Vodacom") in terms of which Vodacom will acquire an interest in Maziv (Pty) Ltd. ("Maziv"), as announced on SENS on Friday 18 July 2025.
Shareholders were advised that this investor engagement may include the disclosure of updated financial information of Maziv that has not been published.
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Remgro - amendment to terms of the transaction
Shareholders were now advised that, further to the last Terms Announcement, the longstop date has been extended from 18 July 2025 to 30 September 2025. The Transaction remains subject to the approval of South African regulatory authorities. Should the South African competition authorities approve the Transaction by 30 September 2025, the longstop date will be extended to 30 November 2025, if required.
Shareholders were further advised that, further to the negotiations, certain amendments to the Transaction Agreements have been agreed by the parties.
Shareholders were notified of a Remgro investor call on Monday 21 July 2025 at 09h00. The following links can be used to register for investor call:
Conference Call: services.choruscall.eu/DiamondPassRegistration/register?confirmationNumber=8355009&linkSecurityString=13ecfc9e43
Webcast link: themediaframe.com/mediaframe/webcast.html?webcastid=anz6JaPt
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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