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Envictus International Holdings Ltd (formerly: Etika International Holdings Ltd)
12-04-2019, 05:40 PM.
Post: #41
RE: Envictus International Holdings Ltd (formerly: Etika International Holdings Ltd)
Proposed Disposal of 72.35% of the Issued and Paid-Up Share Capital of Envictus Dairies NZ Limited

Envictus International Holdings Limited announced that Envictus NZ Limited (the "Vendor"), a subsidiary of the Company, has entered into a conditional sale and purchase agreement ("SPA") with Neil Geoffrey McGarva (as the sole trustee of the Neil McGarva Trust) on 12 April 2019 for the proposed disposal by the Vendor of its entire shareholding interest of 6,802,382 ordinary shares in Envictus Dairies NZ Limited ("EDNZ"), representing 72.35% of the issued and paid-up share capital of EDNZ (the "Sale Shares") for an aggregate consideration of NZD7,000,000, on the terms and conditions of the SPA.

As the Sale Shares represent the entire shareholding interest of the Vendor in EDNZ, EDNZ will cease to be a subsidiary of the Company following the completion of the Proposed Disposal.

More details in https://links.sgx.com/FileOpen/EIHL%20An...eID=552005
Specuvestor: Asset - Business - Structure.

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