Rex Trueform Group Limited (JSE:RTN) agreed to acquire 51% stake in Belper Investments Proprietary Limited from Wayne van der Vent, Karen Miller and Christopher Hyland on April 21, 2022. As of May 17, 2022. The Company advises that the Transaction is subject to the fulfilment or waiver of certain condition precedent.

All regulatory approvals which may be required are obtained by 31 August 2022. Rex subscribes for 51% of the entire issued share capital of Belper by 31 August 2022. As on August 3, 2022, All the conditions related to transaction has been fulfilled.