Enhanced Investments - Financial Portal

Update on the disposal of the interest in Al Tayer Stocks LLC

Published: 2022-07-18 14:40:24 ET

Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK
ISIN: ZAE000123766
("Stefanutti Stocks")


UPDATE ON THE DISPOSAL OF THE INTEREST IN AL TAYER STOCKS LLC


Shareholders are referred to the announcement released on the Stock Exchange News Service on
9 November 2021 wherein shareholders were advised, in relation to the transaction ("Transaction") in
terms of which Stefanutti Stocks International Holdings Proprietary Limited (the "Seller"), a wholly
owned subsidiary of Stefanutti Stocks, will dispose of its 49% interest in Al Tayer Stocks LLC to
Investment Trading Group LLC (or its nominee), that the Seller had received the initial purchase
consideration due in terms of the Transaction and that the Transaction was expected to be implemented
fully in due course.


Shareholders are now advised that in accordance with the terms of the sale and purchase agreement
regulating the implementation of the Transaction (the "Agreement"): the Agreement has become
unconditional; the Transaction is being implemented; and subject to the terms of the Agreement, the
payment of the final purchase consideration is expected to be paid in due course.




18 July 2022
Johannesburg
Sponsor: Bridge Capital Advisors Proprietary Limited

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

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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.