Search
Search
2021/10/29, 15:21:00
Johannesburg Stock Exchange - SENS NEWS DELAYED
Voluntary Announcement - Fulfilment of suspensive conditions and closing acquisition of Onecart Proprietary Limited

Massmart Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number: 1940/014066/06)
Share Code: MSM
ISIN: ZAE000152617
(“Massmart” or the “Company”)


VOLUNTARY ANNOUNCEMENT – FULFILMENT OF SUSPENSIVE CONDITIONS AND CLOSING OF THE
ACQUISITION OF ONECART PROPRIETARY LIMITED (“ONECART”)

Shareholders are referred to the announcement on 6 October 2021 on the Stock Exchange News Service
of the JSE Limited wherein Massmart announced the execution of a sale of shares and subscription
agreement (“Sale Agreement”) in terms of which the Company would, through its wholly owned
subsidiary Fresh Food Direct Proprietary Limited, acquire an equity shareholding ultimately constituting
87.5% of the issued shares in OneCart (“Transaction”).

Shareholders are advised that all the suspensive conditions to the Transaction were fulfilled on 22
October 2021 and completion of the Transaction has today been effected in accordance with the Sale
Agreement.


Johannesburg
29 October 2021

Financial Advisor and Transaction Sponsor: Absa Bank Limited

Legal Advisor: LHC Advisory (Pty) Ltd

Transaction Services: Deloitte

Sponsor: JP Morgan Equities South Africa (Pty) Ltd

Date: 29-10-2021 03:21:00
Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.