Stellar Capital Partners Limited (JSE:SCP) entered into an agreement to acquire Thunder Securitisations Proprietary Limited from Foxglove Capital Resources Limited and K2016225267 (South Africa) Proprietary Limited for ZAR 35.5 million on February 4, 2021. Under the terms, Stellar Capital Partners Limited will issue 50 million shares as consideration, accordingly each of sellers will receive 25 million shares of Stellar Capital. The sellers will sell and transfer 168 shares of Thunder Securitisations. Post completion, James Bishop will continue to serve on the Stellar Capital Board as a non-Executive Director. Peter van Zyl and Sean Graham, who are employed by Thunder Securitisations, will continue to be employed by Thunder Securitisations and will remain Chief Executive Officer and Chief Financial Officer of Stellar Capital respectively. The Current Sole Director of Thunder Securitisations, Andrea Gazet Du Chattelier, will resign as a Director of Thunder Securitisations on the closing of the transaction and Messrs Van Zyl and Graham will be appointed as the Directors of Thunder Securitisations. As on February 5, 2021, Stellar Capital Board of Directors has resolved this transaction. This transaction is subject to shareholder and regulatory approval. Stellar Capital Shareholders representing 62.8% of the Stellar Capital shares have provided irrevocable undertakings to vote against the renewal of the current Management Agreement at the next annual general meeting of Stellar Capital. PSG Capital (Pty) Limited considering this transaction is fair to Stellar Capital shareholders. Cliffe Dekker Hofmeyr acted as legal advisor for fee of ZAR 0.3 million, Bdo South Africa Incorporated acted as accountant for fee of ZAR 0.075 million, PSG Capital (Pty) Limited acted as fairness opinion provider for fee of ZAR 0.2 million, and Computershare Investor Services (Proprietary) Limited acted as transfer agent for fee of ZAR 0.03 million to Stellar Capital Partners Limited. Stellar Capital Partners Limited (JSE:SCP) completed the acquisition of Thunder Securitisations Proprietary Limited from Foxglove Capital Resources Limited and K2016225267 (South Africa) Proprietary Limited in March 2021. As a result, Thunder Securitisations Proprietary Limited became a wholly-owned subsidiary of Stellar Capital Partners Limited.