PPC sells Zimbabwean land for $30 million

PPC Ltd, through its 88% held subsidiary PPCZ, has concluded a disposal agreement for the sale of the Arlington property. The transaction, announced on 1 September 2025, involves the disposal of vacant land to a privately held Zimbabwean company for a cash consideration of $30 million.

The purchaser of the Arlington property has been identified as Transvaal Africa (Private) Limited, with beneficial ownership held by Mr N Dube and Mr P Moyo. This transaction was initially advised to shareholders via a "Disposal Announcement" published on the Stock Exchange News Service on 21 August 2025.

Questco Corporate Advisory Proprietary Limited is the sponsor for this transaction. The disposal is expected to impact PPC’s financial position and strategic direction, as detailed in the original announcement.