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Proposed related party acquisition by Telemedia Proprietary Limited: update announcement

Published: 2024-02-01 09:45:30 ET

REX TRUEFORM GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
JSE share code: RTO       ISIN: ZAE000250387
JSE share code: RTN       ISIN: ZAE000250395
JSE share code: RTOP ISIN: ZAE000250403
(“Rex Trueform” or the “Company”)


PROPOSED RELATED PARTY ACQUISITION BY TELEMEDIA PROPRIETARY LIMITED: UPDATE
ANNOUNCEMENT


Shareholders are referred to the announcement released on SENS on 21 September 2023 (the “21 September 2023
Announcement”), wherein the Company advised that Telemedia Proprietary Limited, a subsidiary of Rex Trueform,
had entered into two sale of rental enterprise agreements with Telelet Proprietary Limited and The Bretherick Family
Trust with regard to a portfolio of rental enterprises (and accompanying immovable properties) as described in the
21 September 2023 Announcement (the “Proposed Acquisition”). The Proposed Acquisition was subject to the
approval of shareholders in general meeting.

As the shareholder general meeting has not yet been held, shareholder approval has not been obtained and the agreements
in this regard have lapsed. Accordingly, the Company will not be proceeding with the Proposed Acquisition at this stage.


1 February 2024

Sponsor

Java Capital

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

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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.