AFRISTRAT INVESTMENT HOLDINGS LIMITED - Extension of Conditions Precedent on Disposal of a 25% Interest in MyBucks Zambia and General Update on MyBucks SA

Extension of Conditions Precedent on Disposal of a 25% Interest in MyBucks Zambia and General Update on MyBucks SA

AFRISTRAT INVESTMENT HOLDINGS LIMITED
(formerly Ecsponent Limited)
Incorporated in the Republic of South Africa
Registration number: 1998/013215/06
JSE Code: ATI - ISIN: ZAE000287587
Debt Issuer Code: ATID
Hybrid Issuer Code: ATIG
(“Afristrat” or “the Company”)



EXTENSION OF CONDITIONS PRECEDENT ON DISPOSAL OF A 25% INTEREST IN MYBUCKS ZAMBIA
AND GENERAL UPDATE ON MYBUCKS SA


1.    EXTENSION OF CONDITIONS PRECEDENT TO MYBUCKS ZAMBIA DISPOSAL

      Security holders are referred to the announcement released on the Stock Exchange News Service dated 4
      August 2020, wherein security holders were advised of the disposal of a 25% interest in Ecsponent Financial
      Services Limited (“MyBucks Zambia”) to Xtenda Finance Limited (“Xtenda”) for a total cash consideration
      of USD1,500,000.00 (“Disposal”).

      The Disposal was subject to, inter alia, the approval of the Bank of Zambia, on or before 30 September 2020.

      Security holders are advised that the date for fulfilment of the conditions precedent for the Disposal has been
      extended to 31 January 2021, allowing the Company further time to obtain the requisite approvals from the
      Bank of Zambia.


2.    GENERAL UPDATE ON MYBUCKS S.A. (“MYBUCKS”)

      Security holders are furthermore advised of an Extraordinary General Meeting to be held by MyBucks at
      10am CET on 12 February 2021, to consider and approve resolutions dealing with, inter alia, the de-listing
      of MyBucks from the Luxembourg Stock Exchange.


For more information about this announcement or the Afristrat group, email investor.relations@afristrat.ltd or visit
www.afristrat.ltd/investor-relations/.

20 January 2021
Pretoria


Sponsor to Afristrat


Questco Corporate Advisory Proprietary Limited

Date: 20-01-2021 05:10:00
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