PPC extends deadline for $30m land disposal in Zimbabwe

PPC shareholders are informed that the deadline for milestone events related to the disposal of vacant land by PPC Zimbabwe Ltd (PPCZ) has been extended. The original Disposal Agreement, announced on August 21, 2025, and further detailed on September 1, 2025, involves PPCZ selling the Arlington Property to Transvaal Africa (Private) Limited for a cash consideration of US$30 million.

The Disposal Agreement initially stipulated that various milestone events had to be met within defined timeframes. To ensure the conclusion of all necessary administrative processes, PPCZ and the Purchaser have agreed to consolidate these milestones, with a new deadline of February 27, 2026.

This update was published from Dunkeld on October 1, 2025, with Questco Corporate Advisory Proprietary Limited acting as the sponsor. PPC is incorporated in the Republic of South Africa.