To view the PDF file, sign up for a MySharenet subscription.

AFRICAN PHOENIX INVESTMENTS LIMITED - Fulfillment of Conditions Precedent in respect of the Disposal of Stangen

Release Date: 03/03/2020 11:02
Code(s): AXL     PDF:  
Wrap Text
Fulfillment of Conditions Precedent in respect of the Disposal of Stangen

AFRICAN PHOENIX INVESTMENTS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1946/021193/06)
Ordinary share code: AXL   ISIN: ZAE000221370
(“African Phoenix” or “the Company”)

FULFILLMENT OF CONDITIONS PRECEDENT IN RESPECT OF THE DISPOSAL OF STANGEN

Further to the announcement released on SENS on 28 June 2019 regarding the disposal of Stangen (and using
the terms defined therein unless otherwise stated), the update announcement released on SENS on 1 October
2019 and the most recent quarterly update announcement released on SENS on 28 February 2020, shareholders
are hereby advised that the Company has received regulatory approval from the Financial Services Authorities.
Consequently, all conditions precedent have been fulfilled and the Disposal is now unconditional.


Johannesburg
3 March 2020

Sponsor
Merchantec Capital

Date: 03-03-2020 11:02:00
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.

Share This Story