Genfin Holdings Proprietary Limited entered into an agreement to acquire additional 22.7% minority stake in Mettle Investments Limited (JSE:MLE) from Teez Away Trading (Pty) Ltd, Aapstert Investments (Pty) Ltd, Friedrich Hans Esterhuyse, Murray Russell Collins and others for approximately ZAR 120 million on February 6, 2020. Pursuant to the terms, Genfin will pay ZAR 2.1 per share in cash. Investec Bank Limited has provided an unconditional and irrevocable bank guarantee to the Takeover Regulation Panel confirming that Genfin Holdings Proprietary Limited has sufficient cash resources available to it to satisfy payment of the consideration. Genfin Holdings Proprietary Limited is obliged to pay a once-off fee of ZAR 0.01 million in respect of the guarantee. Post-completion, Mettle Investments will be delisted. The transaction is subject to approval from shareholders of Mettle Investments and appraisal rights of Mettle Investments shareholders. Genfin received irrevocable undertaking from shareholders holding 12.99% stake to vote in favor of transaction. Nodus Capital (Proprietary) Limited acted as financial advisor to Mettle Investments Limited. Cliffe Dekker Hofmeyr acted as legal advisor to Mettle Investments Limited. Edward Nathan Sonnenbergs Inc. acted as legal advisor to Genfin Holdings Proprietary Limited.