Ellies Holdings ltd's Subsidiary Announces Acquisition Of Property From Vegtu Investments Proprietary Limited

Ellies Holdings ltd announced that Ellies Properties Proprietary Limited (Ellies Properties), a wholly owned subsidiary of Ellies, has concluded an agreement with Vegtu Investments Proprietary Limited (Vegtu), for the acquisition of the properties situated at ERF 319 Village Deep Township Registration Division IR, the Province of Gauteng, held under Deed of Transfer number T5776/2002; ERF 194 Village Deep Township Registration Division IR, the Province of Gauteng, held under Deed of Transfer number T5776/2002, and ERF 196 Village Deep Township Registration Division IR, the Province of Gauteng, held under Deed of Transfer number T5776/2002. The purchase price payable by Ellies Properties to Vegtu is ZAR39,000,000.00, which includes VAT at 0% as the property is being sold as a going concern due to the leasing of the buildings situated on the property.