| Mon 27 Aug 2018, 9:03 | | TRADEHOLD LIMITED - Disposal of Acacia Estate |
|
TDH 201808270016A
Disposal of Acacia Estate
Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE code: TDH
ISIN: ZAE000152658
(“Tradehold” or the “Company”)
DISPOSAL OF ACACIA ESTATE
Shareholders are referred to the SENS announcement released by the Company on 13 April 2018
(“Announcement”) regarding the transaction between Tradehold Africa Limited (an indirect wholly
owned subsidiary of Tradehold referred to as “Tradehold Africa”), Grit Real Estate Income Group
Limited (“the Purchaser”), TC Maputo Properties Limited, all of which are incorporated in Mauritius,
Cognis 1 Limitada, incorporated in Mozambique (“Cognis”), and three individuals, namely, Adamo Valy,
Stuart Hulley-Miller and Colin Taylor (which individuals together with Tradehold Africa, are the
“Sellers”). In terms of such transaction the Sellers sold an effective interest of 80.1% in Cognis, being
the sole owner of an A grade corporate residential complex known as Acacia Estate, located in Zone 5
A/B, Area da Costa do Sol, Maputo in Rua do Rio Inhamiara Road, Mozambique (“Property”) and the
corresponding rental enterprise conducted on the Property as a going concern (“Disposal”).
As indicated in the Announcement, the Disposal was subject to the fulfilment of certain conditions
precedent.
Shareholders are hereby advised that all the conditions precedent have been fulfilled and the Disposal
has, accordingly, been implemented.
27 August 2018
JSE Sponsor to Tradehold
Mettle Corporate Finance Proprietary Limited
Date: 27/08/2018 09:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
