SABVEST CAPITAL LIMITED– Voluntary statement|Acquisition by Sabcap of an interest in Valemount – SENS

                            
 Voluntary statement|Acquisition by Sabcap of an interest in Valemount

 SABVEST CAPITAL LIMITED
( Integrated in the Republic of South Africa)
( Registration number 2020/030059/06)
 Share code: SBP
 ISIN: ZAE000283511
(' Sabcap')
 VOLUNTARY STATEMENT|ACQUISITION BY SABCAP OF AN INTEREST IN VALEMOUNT

    






 Investors are encouraged that Sabcap has actually gotten a 39.3% equity interest in Valemount Trading
 Proprietary Limited (' Valemount') from the R & & K Trust (' Acquisition'). Pursuant to the regards to the
 Acquisition, Sabcap will likewise offer Valemount with instant investor loan financing and anticipates to
 offer extra loans and assurances for the future financing of Valemount's development and acquisitions.
 Valemount was developed in 2012 by Rob and Damien Westerman with the vision of constructing the leading
 pet business in South Africa. Through its Westerman's and Animal Zone brand names, Valemount is now the
 biggest producer and supplier of bird seed and associated feeder items in the nation, with
 operations in Johannesburg, Durban, Cape Town and Port Elizabeth. It is likewise quickly broadening the series of
 items it provides to the broader animal market, supported by its global partners M-PETS, Beeztees and
 Family Pet Rebels. In addition, its warehouse offer outsourced logistical services to other independent
 pet item providers. Its clients consist of leading retail chains, professional animal shops and significant co-ops.
 A variety of acquisitions are being thought about to enhance Valemount's existing strong natural development and
 to broaden its item variety.




 Sabcap's co-shareholders in Valemount are the Damien Westerman household and executive management.





 The equity purchase factor to consider and preliminary supporting investor loans will be identified in
 accordance with a revenues and cash/debt formula computed on 28 February 2023 and with referral to
 loan dedication arrangements, with payments by Sabcap anticipated to be made in December 2022 and May
 2023.
 Sandton
 05 December 2022

 Sponsor
 RAND MERCHANT BANK (A department of FirstRand Bank Limited)







 Date: 05-12-2022 08:00:00
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