AFRISTRAT INVESTMENT HOLDINGS LIMITED - Related Party Acquisition of MHMK Financial Services Limited: Third Extension of Circular Distribution Date

Related Party Acquisition of MHMK Financial Services Limited: Third Extension of Circular Distribution Date

AFRISTRAT INVESTMENT HOLDINGS LIMITED
(formerly Ecsponent Limited)
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ATI - ISIN: ZAE000287587
Debt Issuer Code: ATID
Hybrid Issuer Code: ATIG
(“Afristrat” or “the Company”)

RELATED PARTY ACQUISITION OF MHMK FINANCIAL SERVICES LIMITED: THIRD EXTENSION OF
CIRCULAR DISTRIBUTION DATE

1. Introduction

   1.1. Shareholders are referred to the announcements released on SENS on Tuesday, 18 May 2021 and
        Friday, 15 October 2021 relating inter alia to the proposed acquisition by Afristrat of MHMK Financial
        Services Limited (“MHMK Financial Services”), a share consolidation and the implementation of an
        employee share scheme (together, “Proposed Transaction”).

    1.2. The acquisition of MHMK Financial Services is classified as a related party acquisition in terms of the
         Listings Requirements of the JSE Limited (“JSE”), and as such, a circular must be distributed to
         Afristrat shareholders incorporating inter alia a fairness opinion, historical and pro forma financial
         information (“Financial Information”) and the various resolutions requiring the approval of
         shareholders in order to implement the acquisition and other aspects of the Proposed Transaction
         (“Circular”).

    1.3. Shareholders are further referred to the announcements released on SENS on Monday, 5 July 2021
         and Tuesday, 7 September 2021, the latter which stated that the JSE had granted the Company an
         extension to distribute the Circular to Afristrat shareholders by no later than Friday, 29 October 2021.

2. Third Extension of Circular Distribution Date

   2.1. The finalisation of the Financial Information to be disclosed in the Circular relating to the financial
        disclosure requirements set out in Section 8 of the JSE Listings Requirements has been further
        delayed.

    2.2. Accordingly, the Company approached the JSE for a further extension to distribute the Circular, to by
         no later than Monday, 15 November 2021, which has been granted.


22 October 2021
Pretoria

Sponsor
Merchantec Capital

Corporate Advisor
YW Capital

Legal Advisor
Webber Wentzel

Date: 22-10-2021 03:15:00
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