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Etion Limited (JSE:ETO) News - Lawtrust Disposal Update
ETION LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/001222/06)
(Share Code: ETO)
(ISIN: ZAE000097028)
(“Etion” or “the Company” or “the Group’’)
LAWTRUST DISPOSAL UPDATE
Shareholders are referred to the Category 1 disposal and withdrawal of cautionary
announcement dated 20 April 2021 released on SENS whereby Etion entered into an
agreement (“Agreement”) with Altron TMT SA Group Proprietary Limited (“Altron”) in terms
of which, Etion will sell 100% of the issued shares in Law Trusted Third Party Services
Proprietary Limited (“Disposal”).
Further to the announcement released on SENS on 1 September 2021, shareholders are
hereby advised that the Disposal has received approval from the Competition Tribunal.
All material conditions precedent to the Disposal have hereby been fulfilled. Etion and Altron
will be fulfilling the remaining conditions precedent which are administrative in nature to
ensure that the Effective Date of the Disposal will be 1 October 2021.
Pretoria
21 September 2021
Transactional Sponsor and Transaction Adviser
PSG Capital
Date: 21-09-2021 03:30:00
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