Visual International Holdings Limited (JSE:VIS) signed a term sheet to acquire Agilitee SA from Agilitee Proprietary Limited for ZAR 48 million on May 28, 2021. Visual International Holdings Limited (JSE:VIS) signed an agreement to acquire Agilitee SA from Agilitee Proprietary Limited on July 30, 2021. The consideration amount will be paid in 400 million shares of Visual. The transaction is subject to consummation of due diligence investigation, approvals of both the JSE and Takeover Regulation Panel, approval of offer by the shareholder and directors of Visual and Agilitee and signing of the definitive agreement. As of July 1, 2021, following a due diligence exercise, the Board of Visual International Holdings Limited has resolved to continue with the acquisition process in line with the signed term sheet. AcaciaCap Advisors Proprietary Limited acted as financial advisor for Visual.