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Deneb - disposal Competition Commission approval
Shareholders are referred to the announcement published on SENS on 11 March 2026 ("Announcement"), regarding the disposal by Sargas (Pty) Ltd. (a wholly-owned subsidiary of Deneb) of Erf 177212 situated on Corner of Main Road and Browning Road, Observatory, Cape Town and known as "Deneb House" ("the Property"), as a going concern, for a consideration of R120 000 000, inclusive of VAT at the rate of 0% ("Disposal").
On 3 June 2026, the Competition Authorities unconditionally approved the Disposal and that the last outstanding condition precedent has now been fulfilled.
Accordingly, the Disposal has become unconditional and will be effective on the date of registration of transfer of the Property, which is anticipated to be registered by the end of July 2026.
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