Invicta in R116m BEE deal

March 19, 2007

Industrial group Invicta Holdings announced on Monday it had sold new shares equivalent to 25% of its wholly owned subsidiary, Humulani Investments to aloeCap Limited and a staff trust for R116m...

Humulani Investments owns all of Invicta's operating assets and does not hold any shares in the holding company. The Humulani Investments Share Incentive Trust received 5% of the shares while aloeCap has been issued with 20%

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