ZEDER INVESTMENTS LIMITED - Implementation of category 2 disposal of Novo Fruit Packers

Implementation of category 2 disposal of Novo Fruit Packers

ZEDER INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/019240/06)
Share code: ZED
ISIN: ZAE000088431
LEI: 37890022AF5FD117D649
("Zeder" or "the Company")


IMPLEMENTATION OF CATEGORY 2 DISPOSAL OF NOVO FRUIT PACKERS


The Company, through its wholly-owned subsidiary Zeder Financial Services Limited
("ZFS"), holds 87.1% of the issued shares of Zeder Pome Investments Proprietary Limited
("Pome Investments"), which in turn holds 100% of the issued shares of Capespan Agri
Proprietary Limited ("CS Agri").

Shareholders of the Company ("Shareholders") are referred to Zeder's announcement
released on the Stock Exchange News Service of the JSE Limited on 30 July 2024, in
terms of which Shareholders were advised that ZFS, through its direct and indirect
subsidiaries Pome Investments and CS Agri, entered into an agreement with Dutoit Agri
Proprietary Limited, registration number 1984/003173/07, to dispose of the packhouse and
cooling facility business known as Novo Fruit Packers, for a disposal consideration of
R195 000 000 (one hundred and ninety five million Rand) inclusive of VAT at 0% (zero
percent) plus the value of the stock-on-hand in the amount of R1 727 924 (one million
seven hundred and twenty seven thousand nine hundred and twenty four Rand) (together
"Purchase Consideration").

The Company is pleased to advise Shareholders that all conditions precedent have been
fulfilled and that the Purchase Consideration has been received by CS Agri.


Stellenbosch
27 November 2024

 Transaction Advisor to Zeder
  and Sponsor

          PSG Capital

Date: 27-11-2024 03:17:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.