Afrocentric Investment Corporation Says Unit Enters Sale & Purchase Agreement With FHC Group

About this update from Afrocentric Investment Corporation Limited

Afrocentric Investment Corporation Ltd JSE:ACT:JSE: ACT - REVISED TERMS ANNOUNCEMENT REGARDING THE DISPOSAL OF ACTIVO AND ITS SUBSIDIARIESAFROCENTRIC INVESTMENT CORPORATION LTD - ACT HA ENTERS NEW SALE AND PURCHASE AGREEMENT WITH FHC GROUP ON 23 APRIL 2026AFROCENTRIC INVESTMENT CORPORATION LTD: UNDER NEW AGREEMENT, ACT HA WILL DISPOSE OF ITS ENTIRE SHAREHOLDING IN ITS WHOLLY-OWNED SUBSIDIARY ACTIVOAFROCENTRIC INVESTMENT CORPORATION LTD - DISPOSAL CONSIDERATION INCLUDES UPFRONT, DEFERRED, AND EARNOUT CASH PAYMENTSAFROCENTRIC INVESTMENT CORPORATION LTD - UPFRONT PAYMENT OF R100 MILLION PAYABLE ON CLOSING DATEAFROCENTRIC INVESTMENT CORPORATION LTD - EARNOUT PAYMENT BASED ON PERFORMANCE, CAPPED AT R90 MILLION

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