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CONDUIT CAPITAL LIMITED - Cautionary Announcement

Release Date: 15/04/2021 15:53
Code(s): CND     PDF:  
Wrap Text
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”)


CAUTIONARY ANNOUNCEMENT


The board of directors of Conduit Capital is pleased to advise shareholders that Constantia Risk and Insurance
Holdings Proprietary Limited (“CRIH”), a wholly owned subsidiary of the Company and the owner of the
Constantia group of insurance companies, has entered into a non-binding term sheet with a non-related third-
party investor in order to raise additional equity capital in cash for CRIH (“Transaction”).

If successfully concluded, the transaction may have a material effect on the price of the Company’s securities.
The transaction is expected to result in a material cash investment into CRIH which is expected to provide
sufficient capital for the growth aspirations of CRIH.

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


Johannesburg
15 April 2021

Sponsor
Merchantec Capital

Date: 15-04-2021 03:53:00
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