Perigeum Capital is pleased to have been associated with the following new listings on the Official Market of the Stock Exchange of Mauritius Ltd (the “SEM”)

The Listing Executive Committee of the SEM (the ”LEC”) has approved on 02 May 2022, the listing of 5,100,000 ordinary shares of no par value of Sree Agro (the “Ordinary Shares”), by way of introduction.

The Ordinary Shares will be listed on the Official Market of the SEM on 30 May 2022.  On the first day of listing, a portion of the Ordinary Shares will be made available for trading at an indicative price of USD 3.20 per share.

Sree Agro has no major trading history since it was incorporated in March 2021. It rather leverages on the track record of the revenue earning business of its sole subsidiary, Sree PLC, which has been in operations for over 8 years in Zambia.  Sree Agro mainly acts as the holding company of Sree PLC and is also partially involved in the trading and distribution activities of a wide range of soft commodities. The listing on the SEM is expected to increase the visibility of Sree Agro and also provide the company with access to a wider network of investors.

• Dual listing of Brait Investment Holdings Limited’s (“BIH”) ZAR 3 Billion Exchangeable Bonds (Due December 2024)

The LEC has also approved on 02 May 2022, the listing of BIH’s ZAR 3 billion 5% Senior Unsecured Exchangeable Bonds due 03 December 2024 (the “Exchangeable Bonds”), with effect from 11 May 2022. The Exchangeable Bonds are currently listed on the Main Board of the JSE Limited.

About BIH

BIH is a wholly owned subsidiary of Brait PLC and is one of Brait PLC’s two main operating subsidiaries. BIH was incorporated as a private limited liability company on 13 May 2010 in Malta. The Company’s domicile was migrated to Mauritius and its name was changed to Brait Investment Holdings Limited on 20 October 2021 and 29 October 2021, respectively.

Brait PLC is an investment holding company focused on realising growth and value creation from its existing portfolio of sizeable, unlisted businesses operating in the broad consumer sector.  The Convertible Bonds of Brait PLC (due December 2024) also listed on the Official Market of the SEM in December 2021.

Perigeum Capital acted as the Mauritian Transaction Advisor in both instances, and provided support with regard to the pre-listing structuring and drafting of the required listing documentation.

As the SEM Authorised Representative and Sponsor of Sree Agro and BIH, we shall advise both companies in respect of their continuing compliance and reporting obligations vis-à-vis the SEM.

We wish to thank the respective management team of Sree Agro and BIH for putting their trust in Perigeum Capital and look forward to more fruitful collaborations in the future.