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CONDUIT CAPITAL LIMITED - Renewal of Cautionary Announcement

Release Date: 03/09/2021 08:00
Code(s): CND     PDF:  
Wrap Text
Renewal of Cautionary Announcement

CONDUIT CAPITAL LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/017351/06)
Share code: CND    ISIN: ZAE000073128
(“the Company”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the cautionary announcement released on SENS on 15 April 2021, and the
subsequent renewal of cautionary announcements, the last of which was dated 24 August 2021, wherein it was
advised that Constantia Risk and Insurance Holdings Proprietary Limited (“CRIH”), a wholly-owned subsidiary
of the Company and the owner of the Constantia group of insurance companies, has entered into a non-binding
term sheet with a non-related third-party investor in order to raise additional equity capital in cash for CRIH
(“Transaction”).

Shareholders are advised that the Transaction is progressing, the due diligence has been completed, and the
parties are jointly engaging with potential B-BBEE partners to participate in the Transaction. The parties are
preparing to conclude a binding agreement in due course. The Transaction is expected to improve CRIH’s
B-BBEE ownership and inject R500 million cash into CRIH to capitalise the business for growth.

If successfully concluded, the Transaction may have a material effect on the price of the Company’s securities.
Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s securities
until a further announcement is made.


Johannesburg
3 September 2021

Sponsor
Merchantec Capital

Date: 03-09-2021 08:00:00
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