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CONDUIT CAPITAL LIMITED - Disposal of Interest in Century 21, South Africa - Fulfilment of Resolutive Condition

Release Date: 03/02/2025 12:00
Code(s): CND     PDF:  
Wrap Text
Disposal of Interest in Century 21, South Africa - Fulfilment of Resolutive Condition

CONDUIT CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND  ISIN: ZAE000073128
("Conduit Capital" or "the Group")


DISPOSAL OF INTEREST IN CENTURY 21, SOUTH AFRICA – FULFILMENT OF RESOLUTIVE CONDITION


Shareholders are referred to the announcements released on SENS on 26 November 2024 and 11 December
2024 wherein the Board advised that Conduit Capital's wholly owned subsidiary, Conduit Management
Services Proprietary Limited ("CMS") and 51% shareholder in Deal Design Commercial Property and Business
Broking Proprietary Limited, trading as Century 21, South Africa ("Century 21"), will dispose of the shares it
owns in, and proportionate share of the claims it has against, Century 21 ("Sale Interest"), to the Purchaser
for a total purchase price of R7 242 000.00 ("Purchase Price") ("Disposal").

Shareholders are hereby advised that the resolutive condition to the Disposal has been fulfilled.
Consequently, the Disposal has become unconditional and effective from 31 January 2025.


Cape Town
3 February 2025

Sponsor
Merchantec Capital

Date: 03-02-2025 12:00:00
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