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TONGAAT HULETT LIMITED - Announcement regarding the fulfilment of the suspensive conditions relating to the disposal of shares

Release Date: 04/11/2020 08:30
Code(s): TON     PDF:  
Wrap Text
Announcement regarding the fulfilment of the suspensive conditions relating to the disposal of shares

Tongaat Hulett Limited
(Registration number 1892/000610/06)
Share code: TON
ISIN ZAE000096541
(“THL”)

Announcement regarding the fulfilment of the suspensive conditions relating to the disposal of
shares and claims in Tambankulu Estates Proprietary Limited to the Eswatini Public Service
Pensions Fund

Shareholders of THL (“THL Shareholders”) are referred to the terms announcement dated 17 June 2020
and the subsequent related announcements wherein THL Shareholders were advised that THL and its
wholly owned subsidiary, Format Development Corporation Limited (collectively, the “Sellers”) would
dispose of their shares and shareholder claims in Tambankulu Estates Proprietary Limited to the Eswatini
Public Service Pensions Fund (the “Transaction”).

THL Shareholders are now advised that the approval of the Eswatini Competition Commission in terms of
the Eswatini Competition Act No.8 of 2007 has been received.

All the suspensive conditions to which the Transaction was subject have now been fulfilled or waived and
the Transaction has become unconditional.

The closing date of the Transaction will be 1 December 2020.

Tongaat
4 November 2020

Financial Advisor to THL
PricewaterhouseCoopers Corporate Finance Proprietary Limited

Legal Advisor to THL
Bowmans

Sponsor to THL
Investec Bank Limited

Date: 04-11-2020 08:30:00
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