AH-Vest to be acquired by Eastern Trading in takeover

AH-Vest Limited (JSE:AHL) has received a firm intention offer from Eastern Trading Company Proprietary Limited to acquire 100% of the issued ordinary share capital it does not already own. The offer is valued at ZAR 55 cents per share, amounting to a total consideration of ZAR 2,421,510. The offer represents a substantial 1833% premium over the AH-Vest share price of ZAR 3 cents on May 12, 2025. Eastern Trading currently owns 95.7% of AH-Vest's issued share capital. The transaction, structured as a scheme of arrangement, is subject to shareholder and regulatory approvals, and the provision of a fair and reasonable opinion from an independent expert. The board of AH-Vest deems the offer worthy of shareholder consideration and has appointed an independent board to oversee the process. Albaraka Bank Limited has provided confirmation of the availability of sufficient funds. Post-acquisition, AH-Vest will become a wholly-owned subsidiary of Eastern Trading, and the company's listing on the JSE will be terminated.