Published: 03 October 2013

The Board of African Sun Limited wishes to advise shareholders of the disposal of 294 705 134 Linked Units in Dawn Properties Limited for a consideration of US$ 4 332 165 to Lengrah Investments (Private) Limited a Hotel and Real Estate Company incorporated in Zimbabwe.

The disposal was undertaken solely for the purpose of reducing short-term debt, pursuant to the Company’s strategic thrust of strengthening the Group’s capital structure as communicated previously. The transaction was effected on the Zimbabwe Stock Exchange on 2 October 2013 at a price of US$ 0.0147 per Linked Unit.

The Board of African Sun Limited wishes to advise that other debt reduction initiatives are being pursued and shareholders will be advised in due course as appropriate.

ASUN Announcement to all shareholders.pdf
- ASUN

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