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RENERGEN LIMITED - Fulfilment Of Conditions Precedent

Release Date: 05/02/2024 08:30
Code(s): REN     PDF:  
Wrap Text
Fulfilment Of Conditions Precedent

RENERGEN LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2014/195093/06)
JSE Share code: REN
A2X Share code: REN
ISIN: ZAE000202610
LEI: 378900B1512179F35A69
Australian Business Number (ABN): 93 998 352 675
ASX Share code: RLT
("Renergen" or "the Company" or "the Group")

FULFILMENT OF CONDITIONS PRECEDENT

Renergen is pleased to announce that following the announcement published on 27
December 2023 wherein the signature of the agreement by Mahlako Gas Energy Proprietary
Limited to invest into the Company's primary asset (the Virginia Gas Project) via investing in
a 5.5% equity stake in Tetra4 Proprietary Limited for R550 million (A$ 43.4 million) (the
"Transaction") was announced , all conditions precedent have now been satisfied, and cash
will be settled into the Company's accounts as per the agreement. All material terms
commercial terms of the Transaction, including inter alia the put and security arrangements,
have been fully disclosed.

"With another milestone achieved, we tread closer every day to bringing the Virginia Gas
Project to its full potential at this time of global energy and helium scarcity," said CEO Stefano
Marani.

Johannesburg
5 February 2024

Authorised by: Stefano Marani
Chief Executive Officer

Designated Advisor
PSG Capital

To readers reviewing this announcement on the Stock Exchange News Service (SENS), this
announcement may contain graphics and/or images which can be found in the PDF version
posted on the Company's website.

www.renergen.co.za

For all media relations please contact:
investorrelations@renergen.co.za

For all US investors and media relations please contact:
Georg Venturatos / Jared Gornay – Gateway Group, (949) 574-3860
Ren@gateway-grp.com

Date: 05-02-2024 08:30:00
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