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RBA Holdings Ltd Updates On Disposal Of Sunnyshore Investments (Pty) Ltd


Tuesday, 9 Apr 2013 07:37am EDT 

RBA Holdings Ltd announced that it has entered into a Sale of Shares Agreement with Jika Properties (Pty) Ltd to sell all the issued shares of Sunnyshore Investments 103 (Pty) Ltd (Sunnyshore), a wholly owned subsidiary of RBA, subject to certain conditions precedent (the disposal). Shareholders are advised that the conditions of the disposal have been fulfilled and that the disposal has been effected on April 8, 2013. In the previous announcement it was indicated that the proceeds of the disposal would be approximately ZA 7 million less a breakage fee of approximately ZAR1.1 million. The final consideration amounted to a slightly higher amount of ZAR6.3 million. 

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