PPC Zimbabwe Ltd, a subsidiary of PPC Ltd, has agreed to sell its Arlington Property to Transvaal Africa Private Limited for a cash consideration of US$30 million.
This disposal transaction was initially announced on August 21, 2025, with a follow-up announcement on September 1, 2025, confirming the conclusion of the Disposal Agreement.
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The agreement includes various milestone events that need to be met within specific timeframes; failure to meet these would render the agreement null and void.
To streamline the process of fulfilling the administrative requirements linked to these milestones, PPC Zimbabwe Ltd and the purchaser have mutually agreed to consolidate the milestone events. All milestone obligations must now be completed by February 27, 2026.
This disposal is part of PPC Ltd's strategic initiatives involving its subsidiaries and is overseen in terms of regulatory compliance, as advised to shareholders and market participants.
The announcement was made official on October 1, 2025, in Dunkeld, with Questco Corporate Advisory Proprietary Limited acting as the sponsor for the transaction.
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