CSG HOLDINGS LIMITED - Further Update Relating To The Acquisition Of The Armed Response And Monitoring Business Of Stallion Reaction

Further Update Relating To The Acquisition Of The Armed Response And Monitoring Business Of Stallion Reaction

CSG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2006/011359/06
Share code: CSG
ISIN code: ZAE000184438
(“CSG” or “the Company”)

FURTHER UPDATE RELATING TO THE ACQUISITION OF THE ARMED RESPONSE
AND MONITORING BUSINESS OF STALLION REACTION

Shareholders are referred to the SENS announcements dated 19
December 2016 (“Initial Announcement”) and 3 February 2017 relating
to the acquisition of the armed response and monitoring business
of Stallion Reaction (“Acquisition”).

Shareholders are hereby advised that Invictus Risk Proprietary
Limited, a wholly owned subsidiary of CSG, has entered into an
addendum (“Addendum”) to initial agreement concluded with Stallion
Reaction Proprietary Limited (“Seller”).

In terms of the Addendum:

  -   the purchase consideration payable by CSG to the Seller in
      respect of the Acquisition has been amended to R50 000 000
      (“Purchase Consideration”);
  -   the Purchase Consideration will now be paid by CSG on 27
      February 2017(“Closing Date”); and
  -   The effective date of the Acquisition has been amended to 1
      March 2017.

The Acquisition is not subject to any remaining conditions
precedent.

Save for as set out above the material terms of the Acquisition
are as set out in the Initial Announcement.

Pretoria
21 February 2017

Sponsor
PSG Capital

Date: 21/02/2017 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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