REMGRO LIMITED - Update on the acquisition of an interest in Maziv by Vodacom
Update on the acquisition of an interest in Maziv by Vodacom
Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN ZAE000026480
JSE and A2X share code REM
("Remgro")
UPDATE ON THE ACQUISITION OF AN INTEREST IN MAZIV BY VODACOM
Shareholders are referred to the announcement on SENS on 10
November 2021 and further updates on 15 May 2023, 10 August
2023, 28 November 2023, 29 October 2024 and 26 November 2024.
These announcements set out details of Vodacom (Pty) Limited's
("Vodacom") proposed acquisition of a 30% interest in a newly
formed entity Maziv (Pty) Limited ("Maziv") that would house all
the material assets owned by Community Investment Ventures
Holdings (Pty) Limited, including Vumatel (Pty) Limited and Dark
Fibre Africa (Pty) Limited (the "transaction").
As indicated in the announcement dated 26 November 2024 the
transaction parties lodged a notice of appeal in accordance with
the rules and timelines of the Competition Appeals Court. The
notice will be supplemented upon receipt of the Competition
Tribunal's reasons for the prohibition.
Shareholders are advised that the transaction parties have
agreed to extend the longstop date from 29 November 2024 to 9
December 2024 to continue discussions with regards to the
transaction terms.
Shareholders are also referred to the Vodacom announcement
published on SENS today.
Stellenbosch
29 November 2024
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 29-11-2024 05:00:00
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