Trellidor to sell Taylor Blinds and NMC for debt reduction

Trellidor Holdings Limited (JSE:TRLE) announced it has entered into an agreement to sell its Taylor Blinds and NMC South Africa businesses to Sole Ceramics Proprietary Limited for an undisclosed purchase consideration. The transaction aims to restore shareholder value by refocusing on Trellidor's core business, reducing debt, and enhancing return on capital. The sale, effective June 30, 2025, includes 100% of the ordinary issued share capital and claims against Taylor Blinds and NMC (Sale Equity). The purchase price is based on the consolidated net tangible asset value of both Taylor Blinds and NMC and will be capped at ZAR90,000,000. The proceeds will be used to reduce debt and improve liquidity. The disposal is subject to several conditions precedent to be met by late August 2025 and is classified as a category 2 transaction by the JSE Limited Listings Requirements.