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INVICTA HOLDINGS LIMITED - Further update on category 2 disposal of property

Release Date: 13/08/2021 14:00
Code(s): IVT IVTP     PDF:  
Wrap Text
Further update on category 2 disposal of property

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 previous announcements, with the most recent
announcement dated 25 June 2021, wherein Invicta advised of a Category 2 disposal of a rental
enterprise by Invicta Properties (Pty) Ltd to Pathisa Properties Two (Pty) Ltd (the “Purchaser”)
in respect of erfs 5434 and 859, Samrand Business Park.

The parties have agreed to an addendum to the agreement, in terms of which:

  •   The Purchaser has made a further non-refundable deposit of R1,000,000.00; and
  •   The Purchaser shall make a further non-refundable deposit of R2,000,000.00, payable by
      no later than 18 August 2021;
  •   Resulting in a total non-refundable deposit of R10,000,000.00;
  •   Guarantees previously provided have been returned and bank guarantees are still to be
      provided for the balance of the Purchase Price but by no later than 15 September 2021.

13 August 2021

Acting Company Secretary: R. Cloete, on behalf of Acorim

Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 13-08-2021 02:00:00
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