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TRADEHOLD LIMITED - Availability of Independent Property Valuations

Release Date: 23/08/2022 10:50
Code(s): TDH TDHBP     PDF:  
Wrap Text
Availability of Independent Property Valuations

Tradehold Limited
(Registration number: 1970/009054/06)
Incorporated in the Republic of South Africa
JSE Share code: TDH ISIN: ZAE000152658
JSE B Preference Share code: TDHBP ISIN: ZAE000253050
("Tradehold" or "the Company")


AVAILABILITY OF INDEPENDENT PROPERTY VALUATIONS


Tradehold’s shareholders (“Shareholders”) are referred to the announcement published on the Stock
Exchange News Service on 1 June 2022, in which they were advised that Tradehold’s wholly owned
subsidiary, Tradehold S.à.r.l. (“Tradehold S.à.r.l.”) had concluded an agreement relating to the disposal of
its entire shareholding in Moorgarth Holdings (Luxembourg) S.à.r.l. (a wholly owned subsidiary of
Tradehold) (“Moorgarth”), as well as all of Tradehold S.à.r.l.’s loan claims against Moorgarth and certain
of its subsidiaries, to Moorgarth Group Holdings Limited, for a fixed cash consideration of GBP102,500,000
(the “Proposed Disposal”).

Shareholders were advised that the circular relating to the Proposed Disposal incorporating a notice
convening a meeting of Shareholders was published on the Company’s website and was distributed to
Shareholders on Monday, 1 August 2022 (“the Circular”).

Shareholders are now advised that independent property valuations on all the properties owned by
Moorgarth are available on Tradehold’s website at: https://www.tradehold.co.za/investor-
centre/circulars/2022 ("the Independent Property Valuations"), and are available for inspection as
mentioned in paragraph 22 of the Circular.

Valeo Capital Proprietary Limited, in its capacity as independent expert in relation to the Proposed Disposal,
has reviewed the Independent Property Valuations and has advised that its opinion on the terms of the
Proposed Disposal remains unchanged.

Cape Town
23 August 2022


JSE Sponsor and Joint Corporate Advisor                 Joint Corporate Advisor
Questco Corporate Advisory Proprietary Limited          Mettle Corporate Finance Proprietary Limited


Legal Advisor
Cliffe Dekker Hofmeyr

Date: 23-08-2022 10:50:00
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