Putprop Limited (JSE:PPR) acquired an additional 12.03% stake in Pilot Peridot Investments 1 Proprietary Limited from Frischgewaagd Projects Proprietary Limited for ZAR 23.38 million on March 24, 2022. Putprop's total shareholding in Pilot Peridot has increased to 73.24%. The Purchase Consideration which will be settled by means of internally generated cash. The value of the net assets of Pilot Peridot as at December 31, 2021 was ZAR 61.53 million. All conditions precedent in respect of the acquisition have been fulfilled.

Putprop Limited (JSE:PPR) completed the acquisition of an additional 12.03% stake in Pilot Peridot Investments 1 Proprietary Limited from Frischgewaagd Projects Proprietary Limited on March 24, 2022.