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Sail - quarterly suspension update
The Company announced on 12 December 2025 (the "Record Date") that it will proceed with a conditional offer to repurchase (the "Repurchase" or "Offer"), on a pro rata basis, all of the ordinary shares in its issued share capital ("Shares") (excluding treasury Shares) ("Offer Shares") on the Record Date. The Offer provided that to the extent all shareholders accept the Repurchase, one shareholder would remain as a shareholder of Sail. The board of Sail simultaneously advised shareholders that it proposed terminating the listing of the Company's Shares from the AltX Board of the JSE (the "Delisting"). The Delisting is subject to the fulfilment or waiver, to the extent legally permissible, of suspensive conditions.
The proposed Delisting will be facilitated by way of the Offer. Should the Delisting Resolution be approved by shareholders at a General Meeting and the Delisting Conditions fulfilled or waived, the Company will apply to the JSE for its Delisting.
The Company will provide a further update in this regard in due course.
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| Closing price data source: JSE Ltd. All other statistics calculated by ProfileData. |
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