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Alviva - repurchase of shares by DCT
Shareholders are hereby advised that DCT, a subsidiary of Alviva, has on 2 March 2022, entered into a share repurchase agreement (“Agreement”) with Ledibogo (RF) (Pty) Ltd. (“Ledibogo”) to repurchase from Ledibogo 187 ordinary shares in DCT (“Sale Shares”) (being 20.96% of the issued ordinary shares of DCT), for a purchase consideration of R111 175 024 (“Purchase Consideration”), (the “Repurchase”).
The Repurchase will be effective on the first business day following the date on which the last of the Conditions Precedent referred to in paragraph 4 hereof, has been fulfilled or waived, as the case may be (“the Closing Date”). A scheme of arrangement will be triggered between DCT and its shareholders as the Repurchase constitutes more than 5% of the issued share capital of DCT.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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