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Altron TMT's acquisition of Law Trust conditionally approved by Competition Tribunal polity.org.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from polity.org.za Daily Mail and Mail on Sunday newspapers.
(Incorporated in the Republic of South Africa)
Share code: AEL ISIN: ZAE000191342
(âAltronâ or âAltron Groupâ or âthe Companyâ)
ACQUISITION OF LAWTRUST â CATEGORY 2 TRANSACTION
1. INTRODUCTION TMTSA Group Proprietary Limited (âAltron TMTSAâ) has entered into an agreement (âAgreementâ) with Etion Limited, a South African public company listed on the Johannesburg Stock Exchange with Registration Number 1987/001222/06 (âEtionâ), in terms of which Etion will sell and Altron TMTSA will acquire 100% of the issued shares in Law Trusted Third Party Services Proprietary Limited (âLawtrustâ). Lawtrust is a wholly owned subsidiary of Etion.
2. DESCRIPTION OF THE ASSET TO BE ACQUIRED Lawtrust is a digital trust services, cyber information security solutions provider. Lawtrustâs