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PPC LIMITED - Disposal of Vacant Land by PPC Zimbabwe LTD

Release Date: 01/09/2025 14:30
Code(s): PPC     PDF:  
Wrap Text
Disposal of Vacant Land by PPC Zimbabwe LTD

PPC Ltd
(Incorporated in the Republic of South Africa)
JSE ISIN: ZAE000170049
JSE code: PPC ZSE code: PPC
("PPC" or "the Company")

DISPOSAL OF VACANT LAND BY PPC ZIMBABWE LTD

PPC shareholders are referred to the announcement published on the Stock Exchange News Service on
21 August 2025 ("Disposal Announcement"), wherein they were advised that the Company had on 20
August 2025 via its 88% held subsidiary, PPCZ, concluded the Disposal Agreement relating to the disposal
of the Arlington Property to a privately held Zimbabwean Company, for a cash consideration of US$30
million. The capitalised terms used in this announcement bear the same meaning as those defined in the
Disposal Announcement. Shareholders are advised that the Purchaser of the Arlington Property is
Transvaal Africa (Private) Limited, which is beneficially owned by Mr N Dube and Mr P Moyo.

Dunkeld
1 September 2025

Sponsor
Questco Corporate Advisory Proprietary Limited

Date: 01-09-2025 02:30:00
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