Nutritional Holdings Limited (JSE:NUT) signed an agreement to acquire Ukusekela Holdings (Pty) Ltd from The Wellness Trust 29 for ZAR 55 million on September 29, 2020. The consideration will be paid as ZAR 35 million in cash payable by means of a loan from Ukusekela Holdings and 2 billion shares of Nutritional Holdings shares. The loan will be repayable to Ukusekela Holdings upon reaching a profit after tax of ZAR 30 million per annum over two years for a total profit warranty of ZAR 60 by the financial year ended 2022. The first payment of the loan will be on February 28, 2021 and the second payment on February 28, 2022. Ukusekela Holding reported net asset value of ZAR 56 million for the year ending February 29, 2020. All conditions have been fulfilled. Exchange Sponsors (Pty) Limited acted as financial advisor to Nutritional Holdings. Nutritional Holdings Limited (JSE:NUT) completed the acquisition of Ukusekela Holdings (Pty) Ltd from The Wellness Trust 29 on October 01, 2020.