Shareholders were referred to the SENS announcement issued by Transaction Capital on 21 May 2024. The announcement stated that Nutun Transact (Pty) Ltd. had been identified as non-core and was undergoing a sale process.
Shareholders were advised that Nutun Business Services South Africa (Pty) Ltd. and Generow Investments (Pty) Ltd., Nutun Transact and Transaction Capital have entered into a sale of shares and subscription agreement with Q Link Holdings (Pty) Ltd. Q Link is wholly-owned by QRM1 (RF) (Pty) Ltd. – which is majority owned by the SPE Mid-Market Fund I Partnership, with management and 27Four Investment Managers (Pty) Ltd., as the remaining shareholders.
In terms of the Agreement Nutun Business Services will dispose of 100% of its shareholding interest in Nutun Transact and Accsys (Pty) Ltd (\"Accsys\") and Generow will dispose of 100% of its shareholding interest in Nutun Credit Health (Pty) Ltd (\"NCH\") to the Purchaser, by way of a subscription for and sale of shares.
Nutun Transact, Accsys and NCH are subsidiaries of Nutun Holdings (Pty) Ltd. which is a wholly owned subsidiary of Transaction Capital. |
