AFRICAN DAWN CAPITAL LIMITED - Conclusion Of Compromise Agreements With The South African Revenue Service

Conclusion Of Compromise Agreements With The South African Revenue Service

AFRICAN DAWN CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/020520/06)
Share code: ADW
ISIN Code: ZAE000223194
(“Afdawn” or “the Company”)

CONCLUSION OF COMPROMISE AGREEMENTS WITH THE SOUTH AFRICAN
REVENUE SERVICE

Shareholders are hereby advised that the Company and its
subsidiaries have concluded compromise agreements with the
Commissioner of the South African Revenue Service (“SARS”) in
respect of the settlement of their outstanding tax debts with
SARS (“Agreements”). In terms of the Agreements, Afdawn and its
subsidiaries have undertaken to pay an amount of R8,238,637 to
SARS over a period of 14 months in full and final settlement of
their outstanding tax debts.

The conclusion of the Agreements will allow Afdawn to procure
the necessary funding required in order to meet its obligations
in the terms of the Agreements.


Cape Town
15 December 2017

Sponsor
PSG Capital

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