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SABVEST CAPITAL LIMITED - Sabcap acquires an interest in Amicus

Release Date: 10/12/2024 07:05
Code(s): SBP     PDF:  
Wrap Text
Sabcap acquires an interest in Amicus

SABVEST CAPITAL LIMITED
(Incorporated in South Africa)
(Registration number 2020/030059/06)
Share code: SBP
ISIN: ZAE000283511
("Sabcap" or "the Company")

SABCAP ACQUIRES AN INTEREST IN AMICUS

Shareholders are advised that Sabcap has entered into share swap and related refinance agreements in
terms of which the Company has exchanged its 47.5% holding in Flexo line Products Proprietary Limited
(Flexo) for a 23.75% holding in Amicus Investments Proprietary Limited (Amicus).

Amicus is a holding company for investments into businesses engaged in the manufacture and distribution
of high quality injection moulded plastic and related products for the spice, food and catering industries
both locally and internationally. Flexo itself is the largest manufacturer of these products in the Southern
Hemisphere.

Synergistic, organic and acquisition prospects for the collective Amicus portfolio are strong.

Sandton
10 December 2024

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 10-12-2024 07:05:00
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