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TRADEHOLD LIMITED - Voluntary joint announcement pertaining to an update on the restructure of Tradeholds non-property businesses

Release Date: 09/01/2018 17:40
Code(s): TDH VIN     PDF:  
Wrap Text
Voluntary joint announcement pertaining to an update on the restructure of Tradehold’s non-property businesses

Tradehold Limited                                    VestIN Holdings Limited
(Registration number: 1970/009054/06)                (Registration number: 47305)
Incorporated in the Republic of South Africa         Incorporated in Bermuda
JSE Share code: TDH ISIN: ZAE000152658               ‘A’ Ordinary Share Code: VIN
("Tradehold" or "the Group")                         ISIN: BMG934031060
                                                     (“VestIN”)


VOLUNTARY JOINT ANNOUNCEMENT PERTAINING TO AN UPDATE ON THE RESTRUCTURE OF
TRADEHOLD’S NON-PROPERTY BUSINESSES


1. Introduction

   Tradehold and VestIN shareholders (“Shareholders”) are referred to the announcement released in
   Bermuda and on SENS on 28 November 2017 in which Tradehold advised that the reorganisation of
   its group through the separation of its property interests from its non-property interests (“the
   Restructure”) had been delayed due to the non-fulfillment of the remaining condition precedent.

2. Update on the Restructure

   Pursuant to the above, Shareholders are advised that the Restructure will proceed but that VestIN will
   no longer be the entity through which the Restructure will be effected.

3. Proposed effective date

   Tradehold shareholders are advised that the revised details of the Restructure, including all
   conditions precedent, will be announced in due course and that it is anticipated that the Restructure
   will be effective on or about 1 March 2018.

    Cape Town
    9 January 2018

    JSE Sponsor to Tradehold
    Mettle Corporate Finance Proprietary Limited


    Sponsor to VestIN in Bermuda
    Global Custody and Clearing Limited (LOM Financial Limited)

    Joint financial Advisors
    Rand Merchant Bank, a division of FirstRand Bank Limited
    Mettle Corporate Finance Proprietary Limited

    Attorneys
    Cliffe Dekker Hofmeyr Inc.

Date: 09/01/2018 05:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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