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LABAT AFRICA LIMITED - Press Release: Labat will list on the Frankfurt Stock Exchange today: 6 December 2021

Release Date: 06/12/2021 14:26
Code(s): LAB     PDF:  
Wrap Text
Press Release: Labat will list on the Frankfurt Stock Exchange today:  6 December 2021

(Incorporated in the Republic of South Africa)
(Registration number 1986/001616/06)
(“Labat Africa” or “the Company”)
ISIN Code: ZAE 000018354       Share code: LAB
LEI 9845000R73DF5EE41J88



Labat Africa, the leading black owned listed Cannabis Holdings group headquartered in South Africa
(“Company”), announces it has received approval to list its shares as a secondary listing on the Frankfurt Stock
Exchange. With a focus on pharmaceutical grade Medicinal Cannabis, Labat Africa is one of two cannabis
businesses listed on the Johannesburg Stock Exchange offering South African and international investors exposure
to high growth investments in Cannabis Healthcare.

The shares are admitted to trading when the market open on Monday 06 December 2021, without restriction. The
application was for the dual listing of the equity (the “Listing”) that shall be quoting under the ISIN ZAE000018354
on the open market segment “Quotation Board” of Frankfurt Stock Exchange (“FSE”). The Issuer, a company
organized under the laws of South Africa, with the LEI NO 9845000R73DF5EE41J88, will remain primary listed on the
Johannesburg Stock Exchange under the Ticker Symbol “LAB”, with the stock price in Frankfurt linked to the stock
price in Johannesburg. Further, the issuance shall be placed as a private placement,

The listing was handled and successfully conducted by Renellbank a CRR credit institution within the meaning of
Section 1 Paragraph 3d Sentence 1 KWG in conjunction with Article 4 Paragraph 1 No. 2 of Regulation (EU)
575/2013 of the European Parliament and of the Council of June 26, 2013.

With Germany’s new government leaders planning to push forward and legalise cannabis, the Frankfurt Stock
Exchange listing will allow Labat to accelerate its cannabis portfolio offering to the international markets
worldwide and will also allow new investors to have access to Labat’s shares.

According to reports in leading publication, Des Spiegel, the parties have now managed to agree and align on
one crucial question: the legalisation of cannabis for wellness and recreational consumption.

We are excited that we are now able to access international Cannabis investors and markets with the FSE listing.
It also allows international investors an opportunity to enter the lucrative South African Market says Brian Van
Rooyen CEO of Labat Africa.

We would like to advise our shareholders to exercise caution until a further announcement is made, in order for
the group and its shareholders to assess the impact of this listing on the FSE. Mr van Rooyen concluded.”

Brian Van Rooyen,
6 December 2021

AcaciaCap Advisors Proprietary Limited

Date: 06-12-2021 02:26:00
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