01 Sep - 2 min read

Update on Lawtrust acquisition

Update on Lawtrust acquisition

ALTRON LIMITED
(Registration number 1947/024583/06)
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(“Altron” or “Altron Group” or “the Company”)


UPDATE ON LAWTRUST ACQUISITION

Shareholders are referred to the announcement published on 20 April 2021 and further
announcement published on 14 July 2021 wherein the Company notified shareholders of a Category
2 acquisition of 100% of the issued shares in Law Trusted Third Party Services Proprietary Limited
(“Lawtrust”) from Etion Limited, a South African public company listed on the Johannesburg Stock
Exchange with Registration Number 1987/001222/06 (“Etion”).

A wholly owned subsidiary of the Altron Group, namely Altron TMTSA Group Proprietary Limited
(“Altron TMTSA”) entered into an agreement (“Agreement”) with Etion, in terms of which Etion will
sell and Altron TMTSA undertook to acquire 100% of the issued share capital of Lawtrust (“the
Acquisition”).

By way of update on the Category 2 acquisition transaction, shareholders are advised that the
Acquisition has received an affirmative recommendation from the Competition Commission. The
parties are awaiting final approval from the Competition Tribunal, which approval is anticipated to
contain certain conditions. The Acquisition will only become unconditional once the Competition
Tribunal approves same, which approval is expected by the middle of September 2021 with an
anticipated Effective Date of 1 October 2021.

Accordingly, Etion and Altron have signed a further addendum to the Agreement, wherein, inter alia,
the period in which the conditions precedent must be fulfilled has been extended to 30 September
2021.


Johannesburg
1 September 2021
Sponsor: Investec Bank Limited

Date: 01-09-2021 11:00:00
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