Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN ZAE000026480
JSE and A2X share code REM
("Remgro" or "Company")
UPDATE ON THE ACQUISITION OF AN INTEREST IN MAZIV BY VODACOM
Shareholders are referred to the announcement on SENS on
10 November 2021 and further updates on 15 May 2023, 10 August
2023, 28 November 2023, 29 October 2024, 26 November 2024,
29 November 2024, 9 December 2024, 15 January 2025, 14 February
2025, 14 March 2025, 30 April 2025 and 23 May 2025. These
announcements set out details of Vodacom Proprietary Limited's
("Vodacom") proposed acquisition of a 30% interest in a newly
formed entity Maziv Proprietary Limited ("Maziv") that would
house all the material assets owned by Community Investment
Ventures Holdings Proprietary Limited, including Vumatel
Proprietary Limited and Dark Fibre Africa Proprietary Limited
(the "transaction").
On 6 March 2025 the Competition Appeal Court informed the
transaction parties that the hearing dates in respect of the
transaction have been reserved for 22 to 24 July 2025. The
Company has received the Competition Tribunal's reasons for
prohibiting the merger and the transaction parties submitted
their updated notice of intention to appeal.
As indicated in the announcement dated 23 May 2025, the
transaction parties extended the transaction long stop date to
13 June 2025. Shareholders are advised that the transaction
parties have subsequently agreed to further extend the
transaction long stop date to 4 July 2025.
Shareholders are also referred to the Vodacom announcement
released on SENS today.
Stellenbosch
13 June 2025
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 13-06-2025 05:00:00
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