CROOKES BROTHERS LIMITED - Dispensation Received on 60 Day Rule to Dispatch Circular

Dispensation Received on 60 Day Rule to Dispatch Circular

 Crookes Brothers Limited
 (Incorporated in the Republic of South Africa)
 (Registration number 1913/000290/06)
 Share code: CKS ISIN: ZAE000001434
 (“Crookes Brothers” or “the Company”)


DISPENSATION RECEIVED ON 60 DAY RULE TO DISPATCH CIRCULAR

Crookes Brothers’s Shareholders are referred to the announcement published on SENS on 30 May 2023 (“the
Previous Announcement”), wherein they were advised that the Company via its subsidiary, Crookes Brothers
South Africa Proprietary Limited, concluded an agreement in terms of which it will, subject to the fulfilment of
certain suspensive conditions, as one indivisible transaction, dispose of certain immovable properties and the
deciduous fruit farming business conducted thereon, as a going concern, to Witzenberg Properties Proprietary
Limited, for an aggregate consideration of approximately R200 million. The capitalised terms used in this
announcement bear the same meaning as those defined in the Previous Announcement.


The Disposal constitutes a category 1 transaction in terms of the Listings Requirements of the JSE Limited and
requires publication of a circular and Shareholder approval at a general meeting of Shareholders.


Shareholders are advised that the Company has, in relation to the proposed Disposal, received dispensation
from compliance with paragraph 9.20(b) of the JSE Limited Listings Requirements, which stipulates that a
company must dispatch a circular to its shareholders containing a notice of general meeting to obtain their
approval for a transaction within 60 days of the date of announcement of such transaction.


Shareholders are advised that a circular, containing full details of the Disposal, the financial effects thereof and
an independent valuation of the Property and incorporating a notice convening a general meeting of
Shareholders will be published and distributed to Shareholders as soon as possible and in any event before
10 August 2023.


Umhlanga
1 August 2023

JSE Sponsor to Crookes Brothers

Questco Corporate Advisory (Pty) Ltd

Date: 01-08-2023 10:45:00
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