TRADEHOLD LIMITED - Disposal of Acacia Estate

Release Date: 27/08/2018 09:03
Code(s): TDH
 
Wrap Text
Disposal of Acacia Estate

Tradehold Limited
(Incorporated in the Republic of South Africa)
(Registration number 1970/009054/06)
JSE code: TDH
ISIN: ZAE000152658
(“Tradehold” or the “Company”)




DISPOSAL OF ACACIA ESTATE




Shareholders are referred to the SENS announcement released by the Company on 13 April 2018
(“Announcement”) regarding the transaction between Tradehold Africa Limited (an indirect wholly
owned subsidiary of Tradehold referred to as “Tradehold Africa”), Grit Real Estate Income Group
Limited (“the Purchaser”), TC Maputo Properties Limited, all of which are incorporated in Mauritius,
Cognis 1 Limitada, incorporated in Mozambique (“Cognis”), and three individuals, namely, Adamo Valy,
Stuart Hulley-Miller and Colin Taylor (which individuals together with Tradehold Africa, are the
“Sellers”). In terms of such transaction the Sellers sold an effective interest of 80.1% in Cognis, being
the sole owner of an A grade corporate residential complex known as Acacia Estate, located in Zone 5
A/B, Area da Costa do Sol, Maputo in Rua do Rio Inhamiara Road, Mozambique (“Property”) and the
corresponding rental enterprise conducted on the Property as a going concern (“Disposal”).


As indicated in the Announcement, the Disposal was subject to the fulfilment of certain conditions
precedent.


Shareholders are hereby advised that all the conditions precedent have been fulfilled and the Disposal
has, accordingly, been implemented.


27 August 2018



JSE Sponsor to Tradehold

Mettle Corporate Finance Proprietary Limited

Date: 27/08/2018 09:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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