Enhanced Investments - Financial Portal

Investment in Conduit Capital through an Issue of Preference Shares: Update and Cautionary Announcement

Published: 2022-06-21 09:03:44 ET

                                         Conduit Capital Limited
                                Incorporated in the Republic of South Africa
                                  (Registration number 1998/017351/06)
                                 Share code: CND ISIN: ZAE000073128
                                   (“Conduit Capital” or “the Company”)



        INVESTMENT IN CONDUIT CAPITAL THROUGH AN ISSUE OF PREFERENCE SHARES:
                        UPDATE AND CAUTIONARY ANNOUNCEMENT



Shareholders are referred to the announcement released on SENS on 20 December 2021 (and using the
terms defined therein unless otherwise stated) wherein shareholders were informed that the Mmuso
Consortium had agreed to invest R500 million in Conduit Capital in exchange for redeemable convertible
participating preference shares. The capital to be raised pursuant to the Proposed Transaction was intended
to be used to capitalise the Insurance Business for growth.
Shareholders are advised that as certain conditions to the binding term sheet have not been fulfilled by the
Mmuso Consortium, the Proposed Transaction has lapsed and will no longer be proceeding.
Shareholders are advised that the Company, through Constantia Insurance Company Limited, is in
advanced negotiations with alternative investors to recapitalise the Insurance Business for growth, through a
transaction at the Constantia level. If successfully concluded, the transaction may have a material effect on
the price of the Company’s securities. Accordingly, shareholders are advised to exercise caution when
dealing in the Company’s securities until a further announcement is made.


Johannesburg
21 June 2022

Sponsor
Merchantec Capital

Enhanced Investments, Inc.
329 South Oyster Bay Road #2085
Plainview, NY 11803
team@eninvs.com

Important disclosures

Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.

Nothing on this website should be considered an offer, solicitation of an offer, or advice to buy or sell securities.
Past performance is no guarantee of future results. Any historical returns, expected returns [or probability projections] are hypothetical in nature and may not reflect actual future performance.
All the strategies assume investments in equity invstrumenta only and are more relevant for "agressive investment profile". Eastern European flagship strategy assumes using up to 20% leverage of total portfolio. GlobalCommodities and US Growth strategy currently assume no leverage.
Results for the Enhanced Investments strategies as compared to the performance of Illustrative Benchmarks is for informational purposes only. Our investment program does not mirror that of the Illustrative Benchmarks and the volatility may be materially different from the volatility of Illustrative Benchmarks. Reference or comparison to an Illustrative Benchmark does not imply that strategies of Enhanced Investments will be constructed in the same way as the Illustrative Benchmark or achieve returns, volatility, or other results similar to those of the Illustrative Benchmark. The S&P 500 is an unmanaged market capitalization-weighted index of 500 common stocks chosen for market size, liquidity, and industry group representation to represent U.S. equity performance.
Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.