| Wed 31 Jul 2024, 14:31 | | SEBATA HOLDINGS LIMITED - Termination of Transactions |
|
Termination of Transactions
Sebata Holdings Limited
Incorporated in the Republic of South Africa
(Registration number 1998/003821/06)
Share code: SEB ISIN: ZAE000260493
("Sebata" or "the Company")
TERMINATION OF TRANSACTIONS
Shareholders are referred, inter alia, to:
o the announcement released on SENS on 20 August 2019 regarding the disposal of the Company's
55% interests in the companies comprising the "Water Group", namely USC Metering Proprietary
Limited ("USC") and Amanzi Meters Proprietary Limited ("Amanzi"), and the donation of the
Company's 5% interests in the Water Group, to Inzalo Capital Holdings Proprietary Limited
("Inzalo"); and
o the announcement released on SENS on 25 February 2020 regarding the disposal of the
Company's 55% interests in the companies comprising the "Software Group", namely Sebata
Municipal Solutions Proprietary Limited ("Sebata Municipal Solutions"), R-Data Proprietary
Limited ("R-Data") and MICROmega Accounting and Professional Services Proprietary Limited
("MAPS") and Amanzi Meters Proprietary Limited ("Amanzi"), and the donation of the Company's
5% interests in the Software Group, to Inzalo,
collectively referred to hereinafter as the "Transactions".
Shareholders are hereby informed that, with effect from 1 July 2024, the Transactions have been
terminated as a result of Inzalo not meeting its obligations in terms of the achievement of certain profit
warranties, as detailed in the aforementioned announcements and the relevant circulars relating to each
of the Transactions. Accordingly, the Company will regain ownership of the equity interests originally
disposed of and donated to Inzalo with effect from 1 July 2024.
Johannesburg
31 July 2024
Sponsor
Merchantec Capital
Date: 31-07-2024 02:31:00
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.
