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VSS Investigation Inquiry
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”)
VSS Investigation Inquiry
Shareholders are referred to the annual financial statements of the Company for the year ended
31 March 2021 (“AFS”), regarding the forensic investigation of VSS Financial Services
Proprietary Limited (“VSS”), a wholly owned subsidiary of MyBucks S.A.
In note 37 of the AFS regarding legal matters, it was stated that pursuant to VSS being placed
in provisional liquidation, the liquidator was in process of setting up an inquiry, which was
expected to be overseen by a retired judge (“Inquiry”). The board of directors of Afristrat
(“Board”) also committed to appropriately implement any actions, recommendations and
possible claims from the Inquiry.
The Board hereby advises shareholders that the High Court of South Africa has granted the
liquidators of VSS permission to convene this Inquiry. Once the Inquiry is concluded and if
permission has been obtained from the Commissioner, shareholders will be advised of the
outcome.
3 September 2021
Pretoria
Sponsor
Merchantec Capital
Date: 03-09-2021 04:00:00
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