Legae Peresec (Pty) Ltd, Asset Management Arm acquired 14.95% stake in Zarclear Holdings Limited (JSE:ZCL) from Nkholi Consolidated Investments (Pty) Ltd for approximately ZAR 150 million on February 28, 2020. Under the term, Legae Peresec will acquire 33.8 million shares of Zarclear for ZAR 4.35 per share. Post completion, Nkholi will no longer hold any stake in Zarclear. Java Capital (Proprietary) Limited acted as a sponsor to Zarclear. Legae Peresec (Pty) Ltd, Asset Management Arm completed the acquisition of 14.95% stake in Zarclear Holdings Limited (JSE:ZCL) from Nkholi Consolidated Investments (Pty) Ltd on February 28, 2020.