Cervantes Investments acquires 12.86% stake in SA Corporate
SA Corporate Real Estate Limited (JSE: SACE) announced today that Cervantes Investments (Pty) Ltd has acquired a substantial portion of the company's ordinary shares. According to the announcement, Cervantes now holds a beneficial interest amounting to 12.86% of SA Corporate's issued ordinary share capital. This acquisition triggers compliance requirements under section 122(3)(b) of the Companies Act and paragraph 3.83(b) of the JSE Limited Listings Requirements, necessitating this formal notification to shareholders. The board of SA Corporate has accepted responsibility for the accuracy and completeness of the information provided, relying on the details received from Cervantes. As mandated by section 122(3)(a) of the Companies Act, SA Corporate has filed the required notice with the Takeover Regulation Panel. Nedbank Corporate and Investment Banking is acting as sponsor for SA Corporate. The announcement is dated April 15, 2025.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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