Sale of investment in Bee Sweet Honey Limited
25/11/2022 07:00
For best results when printing this announcement, please click on link below: http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20221125:nRSY5313Ha&default-theme=true RNS Number : 5313H Inqo Investments Limited 25 November 2022 Inqo Investments Limited INQO INVESTMENTS LIMITED ANNOUNCES THE SALE OF ITS INVESTMENT IN BEE SWEET HONEY LIMITED IN ZAMBIA Inqo Investments Limited announces the exit of its investment in Bee Sweet Honey Limited, the honey production business in Zambia. Inqo decided to disinvest from its Bee Sweet investment as the company was not performing in terms of its agreed financial mandate and was undergoing a corporate re-structure. The disposal is expected to be completed with a final payment in January 2023. This divestment incurred a net loss of ZAR950k. Enquiries Inqo Investments Limited Tel: +27 (0)83 6254069 Chris Bertie, Chief Financial Officer and Chief Operating Officer Email: cbertie@acland.co.za (mailto:cbertie@acland.co.za) Hobart Capital Markets LLP AQSE Corporate Adviser and Broker Tel: +44 (0)20 7070 5665 Dr Wang Chong Email: wang.chong@hobartcapital.com About Inqo Investments Limited "INQO" (www.inqo.co.za (http://www.inqo.co.za) ) is a South Africa based social impact company listed on the London Aquis Stock Exchange. It makes strategic acquisitions and investments in businesses designed to tackle poverty and provide employment, products and services to the poor in Low Income Countries (LICs). This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com (mailto:rns@lseg.com) or visit www.rns.com (http://www.rns.com/) . RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy) . END NEXFZLFLLFLEFBX