August 25, 2017 / 9:55 AM / a month ago

BRIEF-African Dawn divests Knife Capital Proprietary for 3.62 mln Rand

Aug 25 (Reuters) - African Dawn Capital Ltd:

* DISPOSAL OF INTEREST IN KNIFE CAPITAL PROPRIETARY LIMITED AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

* AFRICAN DAWN CAPITAL - ENTERED INTO AGREEMENT TO SELL KNIFE CAPITAL PROPRIETARY LIMITED TO EVITAVONNI INTERNATIONAL ​

* AFTER DISPOSAL AFDAWN WILL STILL HAVE INVESTMENT RIGHTS VIA 50% SHAREHOLDING IN GRINDSTONE

* ‍DISPOSAL WILL BECOME EFFECTIVE ON 1 SEPTEMBER 2017​

* TOTAL PURCHASE CONSIDERATION PAYABLE BY PURCHASER FOR SALE SHARES IS AN AMOUNT OF R3.62 MILLION Source text for Eikon: Further company coverage: (Bengaluru Newsroom)

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