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INVICTA HOLDINGS LIMITED - Update on acquisition of a majority interest in the Dartcom group of companies

Release Date: 29/11/2021 07:30
Code(s): IVT IVTP     PDF:  
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Update on acquisition of a majority interest in the Dartcom group of companies

Invicta Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1966/002182/06)
Ordinary Share code: IVT Ordinary Share ISIN ZAE000029773
Preference Share code: IVTP Preference Share ISIN: ZAE000173399
(“Invicta” or the “Company”)


Shareholders are referred to the announcement released on the Stock Exchange News Service of the JSE Limited
and the A2X News Service on 7 October 2021 (the “Announcement”) advising that Invicta had entered into a heads
of agreement with Tuludi Capital Proprietary Limited, an investment vehicle managed by New GX Capital Group,
and Kgalauwane Properties Holdings to purchase a majority shareholding in Dartcom SA Proprietary Limited (the

In this regard, shareholders are advised that Invicta has now concluded formal agreements in respect of the
Transaction, which formal agreements do not differ from the initial heads of agreement entered into between the
parties and Invicta confirms that the Transaction will proceed on the basis as set out in the Announcement subject
to the relevant conditions precedent contained therein.

29 November 2021

Acting Company Secretary:
R Cloete, on behalf of Acorim

Transaction Sponsor:
Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 29-11-2021 07:30:00
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