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TRADEHOLD LIMITED - Termination of Sale of Property Rental Enterprise to Dulu Holdings Proprietary Limited

Release Date: 02/11/2022 10:03
Code(s): TDH     PDF:  
Wrap Text
Termination of Sale of Property Rental Enterprise to Dulu Holdings Proprietary Limited

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


TERMINATION OF SALE OF PROPERTY RENTAL ENTERPRISE TO DULU HOLDINGS PROPRIETARY LIMITED


1. INTRODUCTION

    Shareholders were advised in an announcement published on SENS on 19 September 2022 (“the
    SENS Announcement”), that Imbali Props 21 Proprietary Limited (“Imbali” or “the Seller”) (a
    subsidiary of Tradehold), concluded an agreement (“the Agreement”) with Dulu Holdings Proprietary
    Limited (“Dulu Holdings” or “the Purchaser”) to dispose of a property rental enterprise (“the
    Disposal”) conducted in relation to a property, details of which were contained in paragraph 7 of the
    SENS Announcement.

2. TERMINATION OF THE AGREEMENT

    In terms of paragraph 4 of the SENS Announcement, the Disposal was subject to the fulfilment of
    various conditions precedent, which were not timeously fulfilled.

    As a result, the Agreement did not come into effect and Tradehold therefore confirms termination of the
    Disposal.


Cape Town
2 November 2022


JSE Sponsor to Tradehold
Questco Corporate Advisory Proprietary Limited

Date: 02-11-2022 10:03:00
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