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

Related Party Acquisition of MHMK Financial Services Limited: Second 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: SECOND EXTENSION OF
CIRCULAR DISTRIBUTION DATE


1. Introduction

    1.1. Shareholders are referred to the announcement released on SENS on Tuesday, 18 May 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, Category 1 reverse
         takeover transaction 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 revised listings
         particulars, a fairness opinion, historical and pro forma 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 announcement released on SENS on Monday, 5 July 2021,
         advising that the JSE had granted the Company an extension to distribute the Circular to Afristrat
         shareholders to by no later than Tuesday, 31 August 2021 (“Announcement”).

    1.4. Capitalised terms used herein that are not otherwise defined, bear the meanings ascribed to them in
         the Announcement.

2. Second Extension of Circular Distribution Date

    2.1. Due to the impact of the third wave of Covid-19, the preparation 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 delayed.

    2.2. In light of this, the Company approached the JSE for a further extension to distribute the Circular, to
         by no later than Friday, 29 October 2021, which has been granted.



7 September 2021
Pretoria

Sponsor
Merchantec Capital



Corporate Advisor
YW Capital

Legal Advisor
Webber Wentzel

Date: 07-09-2021 01:45:00
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