Naturelink Sold
A press release to all stakeholders:
"Imperial Holdings Limited ("Imperial") and Naturelink Aviation (Pty) Limited ("Naturelink") wish to announce the sale of Imperial's 60% stake in Naturelink, as well as the sale of the remaining 40% held by various members of Naturelink's management to Runway Asset Management Holdings (Pty) Ltd. The sales are conditional upon the conclusion of formal agreement and a number of conditions precedent customary to a transaction of this nature including, inter alia, regulatory approvals.
The acquisition will add tremendous value to Naturelink’s current business model and will place RAM and Naturelink in a position to provide a broader range of aviation services to the market.
It was decided Tertius van Jaarsveld will take over the responsibilities as CEO of Naturelink with immediate effect.
We would like to thank Chris Briers for his valuable contribution and support to Naturelink. We wish Chris all the best with his future endeavours.
Thanks to all stakeholders for your patience during the past few difficult months. We value your continued support."