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METROFILE HOLDINGS LIMITED - Voluntary Announcement: Disposal Of Metrofile Zambia

Release Date: 26/05/2020 16:45
Code(s): MFL     PDF:  
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Voluntary Announcement: Disposal Of Metrofile Zambia

Metrofile Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1983/012697/06
JSE ordinary share code: MFL ISIN: ZAE000061727
(‘‘Metrofile’’ or ‘‘the Company’’ or ‘‘the Group’’)


Shareholders are advised that Metrofile has disposed of its 60% shareholding in Metrofile
Zambia but has retained the Metrofile brand there. This disposal is in line with the conclusions
of its Strategic Review, as advised to shareholders in 2019, that it will dispose of non-core,
non-scalable and underperforming operations to focus on its core activities and geographies
to optimise capital allocation and returns to enhance value for shareholders.

The disposal is not a categorized transaction in terms of Section 9 of the JSE Limited Listings
Requirements and this announcement is made voluntarily.

26 May 2020

Sponsor: The Standard Bank of South Africa Limited

Date: 26-05-2020 04:45:00
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