AFROCENTRIC INVESTMENT CORPORATION LIMITED AfroCentric Investment Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1988/000570/06)
JSE Code: ACT ISIN: ZAE000078416 ("AfroCentric" or "the Group")
FINALISATION OF FAIRNESS OPINION FOR THE ACQUISITION OF REMAINING INTEREST IN AFROCENTRIC DISTRIBUTION SERVICES
Shareholders are referred to the announcement published on SENS on 8 June 2022 ("Transaction Announcement"). The capitalized terms in this announcement bear the same meaning as in the Transaction Announcement.
Shareholders were advised that the Company had concluded the Acquisition, which constitutes a small related party transaction in terms of the Listings Requirements of the JSE Limited. Further, that the independent directors of AfroCentric had appointed Mazars Corporate Finance Proprietary Limited as the Independent Expert to provide written confirmation that the terms of the Acquisition are fair as far as Shareholders are concerned, and that Shareholders would be advised once their Opinion became available.
The Opinion has now been finalised, the Independent Expert has considered the terms of the Acquisition and has expressed the opinion that the Acquisition is fair as far as AfroCentric Shareholders are concerned.
A copy of this opinion is available for inspection at AfroCentric's registered office for a period of 28 days from the date of this announcement and may also be requested via email, at no additional charge, from the Group Company Secretary at: billym@afrocentrichealth.com.
Johannesburg
15 June 2022
JSE Sponsor to AfroCentric
Questco Corporate Advisory Proprietary Limited
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Afrocentric Investment Corporation Ltd. published this content on 15 June 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 June 2022 11:32:05 UTC.
