Sherbourne Capital Ltd: Business description, financial summary, 3yr and interim financials, key statistics/ratios and historical ratio analysis.
Provider: Reuters Investment Profile
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Sherbourne Capital Limited Enters Into Agreement With 1886 Holdings (Pty) Ltd To Acquire Applemint Properties 116 (Pty) Ltd
Sherbourne Capital Limited announced that on April 22, 2013 entered into an agreement with 1886 Holdings (Pty) Ltd (1886) to acquire the entire issued ordinary share capital of Applemint Properties 116 (Pty) Ltd (Applemint), (the Agreement), for a total purchase consideration of ZAR3,700,000 to be settled by a cash payment of ZAR3,000,000 and the remaining ZAR700, 000 (through the issue of 70,000,000 Sherbourne ordinary shares (the Transaction), resulting in 1886 holding 8.22% of the proposed enlarged shareholding of Sherbourne. The Effective Date, being the date of implementation of the Transaction, will be the first business day following the fulfillment of all suspensive conditions.
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