Completion of Disposal of African Home Stores

RNS Number : 5567S

Obtala Limited

22 December 2016

 

22 Dec 2016

Obtala Limited

("Obtala", the "Group" or the "Company")

(AIM: OBT)

Completion of Disposal of African Home Stores Retail Outlets

Obtala Limited, the African focused agricultural and forestry company, is pleased to announce the completion of the disposal of its 72.69 per cent. owned chain of Lifes' Comfort Solutions ("LCS") retail outlets in Lesotho, to Ristabelz (Pty) Ltd, further to the announcement of 23^rd September 2016.

Deferred consideration of US$ 150,000 on the original October 2014 purchase, as amended, remains payable in monthly instalments by AHS with final payment due in June 2017.

Obtala Limited Miles Pelham - Chairman Paul Dolan - CEO www.obtala.com	[phone]
ZAI Corporate Finance Limited (Nomad) Ray Zimmerman/ Peter Trevelyan-Clark / John Treacy	[phone]
Brandon Hill Capital  (Broker)  Jonathan Evans	[phone]

 

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