REX TRUEFORM GROUP LIMITED - Acquisition of 63.71% stake in Telemedia Proprietary Limited - further update announcement

Acquisition of 63.71% stake in Telemedia Proprietary Limited - further update announcement

REX TRUEFORM GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1937/009839/06)
JSE share code: RTO       ISIN: ZAE000250387
JSE share code: RTN       ISIN: ZAE000250395
JSE share code: RTOP ISIN: ZAE000250403
("Rex Trueform" or the "Company")


ACQUISITION OF A 63.71% STAKE IN TELEMEDIA PROPRIETARY LIMITED – FURTHER UPDATE ANNOUNCEMENT


1. Shareholders are referred to the announcement released on the Stock Exchange News Service ("SENS") on 13
   November 2020 regarding the sale of shares agreement ("Agreement"), that the Company, together with African
   and Overseas Enterprises Limited had entered into with the Trustees for the time being of the Bretherick Family
   Trust, Peter Fairbank Bretherick, Ryan David Bretherick, and Stephen Mark Bretherick in terms of which Rex
   Trueform would acquire a 63.71% stake in Telemedia Proprietary Limited (the "Transaction"), together with
   the update in this regard released on SENS on 31 January 2022.

2. Shareholders are hereby notified that all conditions precedent to the Transaction as set out in the Agreement have
   been fulfilled. Accordingly the Transaction is now unconditional in accordance with the terms of the Agreement,
   with an effective date being 1 March 2022.


9 February 2022


Sponsor
Java Capital

Date: 09-02-2022 03:00:00
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