Metrofile Holdings progresses discussions for potential acquisition

Metrofile Holdings Limited (JSE:MFL) has updated shareholders on ongoing discussions regarding a potential acquisition of the company. Following the initial cautionary announcement on 26 March 2025, Metrofile has progressed discussions with a single party and has granted permission for a high-level, limited due diligence process to commence. An independent board has been constituted to assess the approaches relating to the potential transaction. Shareholders are advised to continue exercising caution when dealing in the company's securities until a further announcement is made. The board accepts responsibility for the accuracy and completeness of the information provided. The announcement was made in Illovo on 6 May 2025. The Standard Bank of South Africa Limited is acting as sponsor.