Enhanced Investments - Financial Portal

Further announcement regarding the acquisition of trading assets and liabilities of Brigit

Published: 2023-08-28 10:33:34 ET

                                   HUDACO INDUSTRIES LIMITED
                            (Incorporated in the Republic of South Africa)
                               (Registration number 1985/004617/06)
                               Share code: HDC & ISIN: ZAE000003273
                                              (“Hudaco”)


    FURTHER ANNOUNCEMENT REGARDING THE ACQUISITION OF THE TRADING ASSETS AND
LIABILITIES OF BRIGIT FIRE (PROPRIETARY) LIMITED, BRIGIT SYSTEMS (PROPRIETARY) LIMITED AND
                           PORTAGAS (PROPRIETARY) LIMITED (“Brigit”)


Shareholders are referred to the announcement released on SENS on 30 May 2023 wherein they were
advised that Hudaco has signed an agreement to acquire the trading assets and liabilities of Brigit,
effective from the first day of the month following the fulfilment of all suspensive conditions. These
suspensive conditions included the satisfactory completion of a due diligence and approval from the
Competition Tribunal.

Shareholders are advised that all suspensive conditions have now been fulfilled so the acquisition is
unconditional and will become effective from 1 September 2023.

Johannesburg
28 August 2023

Corporate advisor and sponsor
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

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

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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.
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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.

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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.