Inqo Investments Limited Sale of investment in Bee Sweet Honey Limited (5313H)

TIDMINQO

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   Email: cbertie@acland.co.za 
  and Chief Operating Officer 
 
 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 ) 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).

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