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Conduit Capital Limited (JSE:CND) News - Update Regarding the Disposal of Shares in Trustco Group Holdings Limited
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” or “the Group”)
UPDATE REGARDING THE DISPOSAL OF SHARES IN TRUSTCO GROUP HOLDINGS LIMITED
Shareholders are referred to the announcement released on SENS on 20 August 2021 regarding the
agreement entered into by the Company’s wholly-owned subsidiary, Constantia Risk and Insurance Holdings
Proprietary Limited (“Constantia”), Trustco Group Holdings Limited (“Trustco”) and Trustco Capital
Proprietary Limited, a wholly-owned subsidiary of Trustco (“Trustco Capital”) (“Share Sale Agreement”) for
the sale of 51 769 633 Trustco shares (“Sale Shares”), representing all the shares owned by Conduit Capital
and Constantia in Trustco, which are listed on the Namibian Stock Exchange (“NSX”) and the JSE Limited
(“JSE”) and of which Constantia is the registered and beneficial owner, to Trustco Capital, subject to and
conditional upon the fulfilment of certain Conditions (“Share Disposal”).
Shareholders are advised that the parties to the Share Sale Agreement have entered into a further
addendum to such agreement in terms of which the date for the completion of the Conditions to the Share
Disposal has been extended to 30 April 2022.
Johannesburg
31 January 2022
Sponsor
Merchantec Capital
Date: 31-01-2022 04:00:00
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