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Collins International Limited – Asset Sale
Hamilton, Bermuda – 12 December, 2014 – Collins International Limited (the “Issuer”; Ticker: COLINSI.GU) formally announces that Tradehold Limited (“Tradehold”) and Collins Property Projects Proprietary Limited (“Collins”) have agreed for Tradehold’s subsidiaries to acquire some of the Collins group SPVs that hold commercial property assets in Africa and the United Kingdom. Consequently Collins International Limited, an affiliate of Collins, has agreed to sell its shareholding in Revival Holdings Limited and Apex Properties Limited and to sell the rights to the DV4 investment held by Du Preez Limited to Tradehold’s River Street Properties Limited.
Enquiries:
Legis Fund Services Ltd + 44 (0)1481 726034
Bermuda Listing Sponsor:
Clarien BSX Services Ltd.
Attn: Ms. Kimberly Gibson