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Updated acquisition announcement and renewal of cautionary
PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
(“PL Group” or “the Company”)
ISIN Code: ZAE000222949 JSE Code: PEM
ADDITIONAL ACQUISITION INFORMATION, UPDATE ON CATEGORISATION AND RENEWAL OF CAUTIONARY
ANNOUNCEMENT
1. Background
PL Group shareholders are referred to the announcement published on 22 November 2017 wherein
they were advised that PL Group, has, through its wholly-owned subsidiaries, PLG Retirement
Villages (Pty) Ltd (“Business Purchaser”) and PLG Properties (Pty) Ltd (“Property Purchaser”) entered
into two separate agreements for the acquisition of the business (“Business”) and the property
("Property”) on which a retirement village and nursing home are located, for a combined
consideration of R36 000 000.
Following the publication of the aforementioned announcement, shareholders are provided with
the details of the Property and Business Vendors and the Property specific information below.
2. Details of Business and Property vendors
The Property will be acquired from JVC Properties CC (Registration No: 1994/42342/23) for a total
consideration of R33 000 0000. The Business will be acquired from Pinetown Nursing and Home for
the Aged CC, (registration number C.K.94/42352/23) for a total consideration of R3 000 000.
3. Property specific information
Property specific information is detailed below:
Property Name Address Location Sector
Erf Number 2601 5 Fairlea Close, Pinetown, Pinetown, Kwazulu Retirement village
3610 Natal
Rentable Area Weighted Average Rental Per M2 Tenant Profile
(Square meters)
6 256m2 Not applicable as the property is currently PL Group and its subsidiaries
owned by the seller and will be occupied (inter-company)
by PL Group after acquisition
4. Financial Information
The Company has calculated an estimated value of the Property at approximately R33 000 000,
being the purchase consideration.
The net asset value and the profit attributable to the Business are not ready for publication as at
the date of this announcement and will be published in due course.
5. Update on categorisation information
In the announcement dated 22 November 2017 the acquisition was categorised as a Category 2
transaction in accordance with JSE Listings Requirements. However, due to the number of shares
to be issued not being known until such time as the property is transferred, shareholders are advised
that the final categorisation will only be determined in the future. In the event that the
categorisation level changes to a Category 1 transaction, shareholder approval will be required.
A further announcement will be made at this point in time.
6. Renewal of cautionary announcement
Shareholders are referred to the renewal of cautionary announcement dated 22 November 2017
and are advised that negotiations relating to potential acquisitions of additional retirement assets
remain on-going and financial information of the Business as mentioned in paragraph 4 above
remains outstanding.
Accordingly, shareholders are advised to continue to exercise caution when dealing in the
Company’s securities both as a result of the cautionary announcement.
BY ORDER OF THE BOARD
30 November 2017
Johannesburg
Designated Advisor
Arbor Capital Sponsors Proprietary Limited
Date: 30/11/2017 11:10:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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