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STELLAR CAPITAL PARTNERS LIMITED - Voluntary finalisation announcement in respect of the disposal of two Tellumat business units

Release Date: 12/01/2021 10:00
Code(s): SCP     PDF:  
Wrap Text
Voluntary finalisation announcement in respect of the disposal of two Tellumat business units

STELLAR CAPITAL PARTNERS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 1998/015580/06)
Share code: SCP     ISIN: ZAE000198586
("Stellar Capital")

VOLUNTARY FINALISATION ANNOUNCEMENT IN RESPECT OF THE DISPOSAL
OF TWO TELLUMAT BUSINESS UNITS

Shareholders are referred to the announcement published on the
Stock Exchange News Service on 30 June 2020 in which they were
advised that Tellumat Proprietary Limited ("Tellumat"), a 49%
investee company of Stellar Capital, has disposed of its Air
Traffic Management and Defence & Security business units to
Hensoldt South Africa ("Transaction").

Stellar Capital is pleased to announce that all of the
outstanding sale conditions have now been met and accordingly
the Transaction has been finalised and implemented.

Cape Town
12 January 2021

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 12-01-2021 10:00:00
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