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CONDUIT CAPITAL LIMITED - Renewal of Cautionary Announcement

Release Date: 11/10/2022 12:00
Code(s): CND     PDF:  
Wrap Text
Renewal of Cautionary Announcement

CONDUIT CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND       ISIN: ZAE000073128
(“Conduit Capital” or “the Company”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the cautionary announcement released on SENS on 21 June 2022 and to the
subsequent renewal of cautionary announcements, the last of which was dated 30 August 2022, and to the
announcements released on SENS on 14 September 2022 and 21 September 2022 (and using the terms
defined therein unless otherwise stated herein) wherein shareholders were respectively advised, inter alia:

o    that following the Prudential Authority’s application to place CICL into liquidation, the High Court had
     granted a provisional liquidation order (“Order”); and

o    that the Board had deemed it prudent and in the best interests of shareholders to request the
     suspension of trade in the Company’s shares until such time as the Board has had an opportunity to
     further engage with the liquidator, assess the full impact of the Order on the Conduit Capital business
     and publish its audited financial results for the year ended 30 June 2022.


Given that CICL is Conduit Capital’s main subsidiary and the uncertainty of both:

o    the impact of the Order on Conduit Capital; and

o    the timing of the publication of the audited annual financial results for the year ended 30 June 2022,

shareholders are advised to continue to exercise caution when dealing in the Company’s securities until a
further announcement is made.


Johannesburg
11 October 2022

Sponsor
Merchantec Capital

Date: 11-10-2022 12:00:00
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