Baphalane Ba Mantserre Investment Holdings Proprietary Limited made a mandatory offer to acquire remaining shares of Nutritional Holdings Limited (JSE : NUT) from group of shareholders for ZAR 4.5 million on September 12, 2018. Under the transaction, Baphalane Ba Mantserre offer to acquire all Nutritional Holdings Limited shareholders in exchange for the mandatory offer consideration of ZAR 0.001 cents per share payable in cash. Baphalane Ba Mantserre Investment Holdings Proprietary Limited holds 66.91% of Nutritional Holdings. Baphalane Ba Mantserre has sufficient cash resources and facilities available to meet its cash commitments to Nutritional Holdings shareholders in relation to the mandatory offer. RS Etchells, C Smit, Imuniti Holdings Employee Share Incentive Trust, Etchells Family Trust, JA Etchells, Pop-Up Trading 39 Pty Limited, AR Pinfold, Kenosi Holdings Pty Limited and Philisani Pty Limited shareholders of 15.54% shares of Nutritional Holdings have signed irrevocable undertakings not to accept the mandatory offer. The Mandatory Offer will be open for acceptance October 24, 2018 and shall close on December 7, 2018. Mazars Corporate Finance (Pty) Ltd acted as independent expert for Nutritional Holdings. PSG Capital Proprietary Limited acted as financial advisor for Nutritional Holdings in the transaction. 4 Africa Exchange Registry Proprietary Limited acted as transfer secretaries for Nutritional Holdings. Baphalane Ba Mantserre Investment Holdings (Pty) Limited completed the acquisition of an additional 1.5% stake in Nutritional Holdings Limited (JSE:NUT) for ZAR 0.20 million on December 7, 2018. As a result of the mandatory offer, Baphalane Ba Mantserre Investment Holdings managed to own a total of 68.39% stake. Post completion, Baphalane Ba Mantserre Investment would own 9.4 billion shares of Nutritional Holdings.