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

Release Date: 11/11/2021 17:20
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
23 September 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 Sale”).

The parties are still committed to conclude the Sale and have agreed to a further addendum to the
agreement, in terms of which:

•     The Purchaser shall make a further non-refundable deposit of R1,000,000.00, before or on
      17 November 2021 (bringing the total non-refundable disposal to R15,000,000.00 at 17
      November 2021); and
•     Bank guarantees must be provided for the balance of the Purchase Price, by 30 November

Invicta remains positive that the deal will be successfully concluded and the Purchaser has
advised that no further extensions will be requested beyond the dates detailed above.

11 November 2021

Nedbank Corporate and Investment Banking, a division of Nedbank Limited

Date: 11-11-2021 05:20:00
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