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COMBINED MOTOR HOLDINGS LIMITED - Transaction whereby CMH Management Limited, a subsidiary of CMH, will acquire certain rental enterprises from related directors of CMH

Release Date: 19/08/2026 09:00
Code(s): CMH     PDF:  
Wrap Text
(Incorporated in the Republic of South Africa)
(Registration number 1965/000270/06)
Share code: CMH ISIN: ZAE000088050
("CMH" or "the Company" or "the CMH Group")
Main Board: General Segment

TRANSACTION WHEREBY CMH MANAGEMENT (PROPRIETARY) LIMITED ("CMH
MANAGEMENT"), A SUBSIDIARY OF CMH, WILL ACQUIRE CERTAIN RENTAL ENTERPRISES FROM RELATED DIRECTORS OF CMH, FOR A TOTAL CASH PURCHASE CONSIDERATION OF R745 000 000, SUCH TRANSACTION BEING A CATEGORY 2, RELATED PARTY TRANSACTION IN TERMS OF THE LISTINGS REQUIREMENTS OF THE JOHANNESBURG STOCK EXCHANGE ("JSE") 1. Introduction
Further to the cautionary announcements issued by the Company, the most recent of which was dated 2 July 2026, CMH shareholders are advised that on Monday, 17 August 2026 ("Signature Date") CMH Management (the "Purchaser"), concluded an agreement (the "Agreement") to purchase various rental enterprises and related properties which are presently leased by the CMH Group on an arm's-length basis ("Rental Enterprises"). The Rental Enterprises will be purchased for the cash purchase consideration of R745 000 000 (the "Purchase Consideration") from BWJ Barritt, SK Jackson and JD McIntosh (the "Related Directors") and all associated entities which are owned or controlled directly or indirectly by their respective family trusts (the "Sellers") (the "Transaction").