HomeBusiness and policyStefanutti Stocks updates disposal of mining services division

Stefanutti Stocks updates disposal of mining services division

Stefanutti Stocks’ shareholders are referred to the announcement released on the Stock Exchange News Service on 1 April 2021 advising that the Company’s major subsidiary, Stefanutti Stocks registration number 2003/022221/07, and Akhona Mining Services registration number 2018/524955/07, had entered into a sale of business agreement dated 31 March 2021.

In terms of the Agreement, the Mining Services Division of the Seller, comprising the Materials Handling and Tailings Management sub-divisions, would be sold to the Purchaser on the terms and conditions set out in the Agreement.

Stefanutti Stocks hereby advises shareholders that not all conditions precedent to the Agreement have been fulfilled or waived, as the case may be, and consequently the Disposal will not be implemented.

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