Community Investment Holdings (Pty) Ltd. made an offer to acquire additional 44.66% stake in Jasco Electronics Holdings Limited (JSE:JSC) for ZAR 24.8 million on March 6, 2023. The offer per share is ZAR 0.16. The Consideration will be satisfied with cash. Upon closing, Jasco will be taken private. The offer is subject to regulatory, and other conditions precedents. Shareholders meeting is scheduled to be held on April 26, 2023. As of April 26, 2023, Jasco shareholders has approved the transaction, the offer has become unconditional. The offer will open from March 24, 2023, and will close on April 26, 2023. As of May 2, 2023, the the application process for the compliance certificate is still ongoing. The independent board committee consists of PF Radebe, DH du Plessis, MSC Bawa and T Zondi. As of May 22, 2023. The listing of the Jasco Shares on the JSE will be terminated at commencement of trade on the JSE on May 23, 2023. Grindrod Bank Limited has acted as a Corporate Advisor and Transaction Sponsor. Nick Lazanakis of BDO Corporate Finance Proprietary Limited acted as fairness opinion provider to Jasco Electronics Holdings Limited.

Community Investment Holdings (Pty) Ltd. completed the acquisition of an additional 19.08% stake in Jasco Electronics Holdings Limited (JSE:JSC) for ZAR 11.21 million on May 19, 2023.