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VESTIN HOLDINGS LIMITED & TRADEHOLD LIMITED -VOLUNTARY JOINT ANNOUNCEMENT
Hamilton, Bermuda: 9 January 2018– In a filing with the Bermuda Stock Exchange (“BSX”), VestIN Holdings Limited (the “Company” or “VIN”; Ticker: VIN.BH) today reported a voluntary joint announcement pertaining to an update on the restructure of Tradehold’s non-property businesses. The full filing stated:
1. Introduction
Tradehold and VestIN shareholders (“Shareholders”) are referred to the announcement released in Bermuda and on SENS on 28 November 2017 in which Tradehold advised that the reorganisation of its group through the separation of its property interests from its non-property interests (“the Restructure”) had been delayed due to the non-fulfillment of the remaining condition precedent.
2. Update on the Restructure
Pursuant to the above, Shareholders are advised that the Restructure will proceed but that VestIN will no longer be the entity through which the Restructure will be effected.
3. Proposed effective date
Tradehold shareholders are advised that the revised details of the Restructure, including all conditions precedent, will be announced in due course and that it is anticipated that the Restructure will be effective on or about 1 March 2018.
Cape Town
9 January 2018
JSE Sponsor to Tradehold
Mettle Corporate Finance Proprietary Limited
Sponsor to VestIN in Bermuda
Global Custody and Clearing Limited (LOM Financial Limited)
Joint financial Advisors
Rand Merchant Bank, a division of FirstRand Bank Limited
Mettle Corporate Finance Proprietary Limited
Attorneys
Cliffe Dekker Hofmeyr Inc.