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SABVEST LIMITED - Investment by Sabvest in Revix

Release Date: 16/04/2019 07:05
Code(s): SBV SVN     PDF:  
Wrap Text
Investment by Sabvest in Revix

SABVEST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003753/06)
Share code: SBV – ordinary shares / SVN – ‘N’ ordinary shares
ISIN: ZAE000006417 – ordinary shares / ISIN: ZAE000012043 – ‘N’ ordinary shares
("Sabvest”)

INVESTMENT BY SABVEST IN REVIX

Shareholders are advised that Sabvest has concluded agreements to acquire a 30% interest in,
and provide growth funding to Revix UK Limited, Revix Technologies Limited and their
associated companies (collectively “Revix”).

Revix has developed a new generation digital asset management portal through which it
provides digital asset technology services focused primarily on bundled cryptocurrency and
security token investment solutions.

Revix empowers investors to purchase and manage their own diversified index tracking
portfolios through ‘direct indexing’, a method for replicating the performance of an index by
purchasing the underlying assets instead of buying an ETF, structured financial product or
diversified fund. Direct indexing is not a financial instrument. It is a technology which enables
investors to instantly create, execute and manage several indices.

This approach enables investors to access simple investment tools to gain cost-effective
exposure to more than 80% of the cryptocurrency market though the Revix Top 10 Crypto
Bundle. Alternatively, investors can gain diversified exposure to one of the major cryptocurrency
sectors via Revix’s three separate thematic Crypto Bundles: the Top 5 Platform Bundle, the Top
5 Payment Bundle and the Top 3 Privacy Bundle. This technology, in essence, introduces
passive digital asset index investments to investors worldwide (including RSA).

Revix’s solutions follow the directional growth and maturing applications of blockchain
technologies and tokenised assets. Security Token Offerings (STOs) are scheduled to be
launched later in 2019 as part of its solution set in the increasingly diverse digital asset
investment landscape. See more at https://www.revix.com/.

Sabvest is investing alongside the co-founders Louis Buys and Sean Sanders. Louis has
degrees in engineering, computer science and cryptography and has extensive experience in
programming and mobile payment systems having successfully built several start-ups. Sean is a
Business Science honours graduate and CFA Charterholder with particular expertise in the ETF
industry and technology centric portfolio management.

“We are excited to have the opportunity to back these innovative fintech entrepreneurs in the
fast-evolving digital asset industry” said Sabvest CEO, Chris Seabrooke. “We believe their
unique direct indexing enabled technology is able to facilitate more dynamic and efficient
investing in this asset class internationally. Sabvest has invested in a number of technology-
focused companies as part of its portfolio over the years” he added, “and that has included a
global leader in distributed ledger technology, on which blockchain is based”.

In accordance with Sabvest’s investment policy, this is a voluntary announcement as the size of
the transaction does not exceed the 10% categorisation threshold requiring a category 2
announcement to be released on SENS.

Sandton
16 April 2019

Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited

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