SANTOVA LIMITED - Strategic acquisition of Jet-Freight Services Limited, Mauritius and update on the establishment of a Ghana branch

Strategic acquisition of Jet-Freight Services Limited, Mauritius and update on the establishment of a Ghana branch

SANTOVA LIMITED
(Registration Number: 1998/018118/06)
("Santova")
Share Code:  SNV
ISIN: ZAE000159711


STRATEGIC ACQUISITION OF JET-FREIGHT SERVICES LIMITED, MAURITIUS 
AND UPDATE ON THE ESTABLISHMENT OF A BRANCH IN GHANA

Strategic acquisition of Jet-Freight Services Limited, Mauritius

INTRODUCTION
The Board of Santova is pleased to announce that Santova Administration Services (Pty) Limited, a wholly 
owned subsidiary of Santova, has acquired 100% of the shares in Jet-Freight Services Limited, Mauritius ("Jet-
Freight"). Jet-Freight is a licenced freight forwarding and customs clearing agent incorporated in 1992 and based 
in Port Louis, Mauritius.

RATIONALE
The acquisition of Jet-Freight is part of Santova's stated strategy to expand its footprint internationally. This 
office will offer the Santova Group's existing client base immediate access to the global market in regard to 
procurement, value add services at source and leading end-to-end supply chain management solutions in 
Mauritius. In addition it will present significant opportunities from Mauritius's membership of the Southern 
African Development Community (SADC).

CATEGORISATION
The transaction is neither a category 1 nor 2 transaction in terms of the JSE Listings Requirements, 
however, the Board deems it appropriate to inform shareholders of this strategic acquisition for 
Santova. 

The effective date of the acquisition will be 1 July 2015 and the purchase price will be settled fully in 
cash. 

The acquisition is expected to have a positive impact on the Group's results, however the full effects 
of this will only be felt in future financial periods and will not materially affect the Group's results for 
the 2016 financial year end.

Establishment of a new branch in Ghana

Shareholders are referred to the commentary contained in the Santova 2015 Annual Integrated 
Report, posted to shareholders on 29 May 2015, announcing the imminent opening of an office in 
Ghana.

The Board of Santova is pleased to announce that W.M. Shipping Limited (United Kingdom), a 
wholly owned subsidiary of Santova, has received approval for the registration of an "external 
company" or branch office with the Registrar of Companies in Ghana. In addition a new regional 
head has been employed and the office commenced operations in August 2015. This branch office 
will provide the Group with an important foothold in West Africa from which to spearhead its 
expansion into this region.

21 August 2015
Durban
Sponsor and Corporate Advisor
River Group



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