Acquisition of CADAC becomes unconditional Hudaco Industries Limited ("Hudaco" or "the company") Incorporated in the Republic of South Africa Registration number: 1985/004617/06 Share code: HDC ISIN code: ZAE000003273 ACQUISITION OF CADAC BECOMES UNCONDITIONAL As part of the announcement of its results for the year ended 30 November 2021 released on 4 February 2022, Hudaco advised that it had signed an agreement to acquire the business of CADAC ("the transaction") as a going concern and that the transaction was subject to finalisation of the transfer of the licence agreement. This suspensive condition has since been met and the acquisition of CADAC became unconditional with effect from Monday, 28 February 2022. Cadac is a household brand in Southern Africa, distributing a wide range of gas- related products for cooking, heating, lighting and braaiing, including gas cylinders, stoves, heaters, cookers, skottels, braais, coolers and accessories. Johannesburg 10 March 2022 Sponsor: Nedbank Corporate and Investment Banking, a division of Nedbank Limited Date: 10-03-2022 10:56:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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Hudaco Industries Limited published this content on 10 March 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 March 2022 09:02:04 UTC.