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Shareholder update: Disposal by Jasco of the Midrand Property
JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003293/06)
Share Code: JSC & ISIN: ZAE000003794
("Jasco" or "the company" or “the Group”)
SHAREHOLDER UPDATE: DISPOSAL BY JASCO OF THE MIDRAND PROPERTY
1. INTRODUCTION
Shareholders are referred to the announcement published on the Securities Exchange News service of the
JSE Limited (“SENS”) and in the press dated 22 October 2012, whereby shareholders were advised inter alia
that all resolutions necessary to approve the disposal by Jasco of its head office property (“Midrand Property”)
to Genesis Properties Proprietary Limited (“GenProps”) had been passed with the requisite majority.
2. CONDITIONS PRECEDENT TO THE DISPOSAL OF THE MIDRAND PROPERTY
Shareholders are hereby advised that all the conditions precedent to enable the transfer of the Midrand
Property to GenProps have been fulfilled. Accordingly, transfer of the Midrand Property and the
commensurate payment of the purchase consideration to Jasco is expected to occur by the end of June 2013.
A further announcement will be made on SENS in that regard.
Johannesburg
21 May 2013
Corporate Adviser and Sponsor
Grindrod Bank Limited
Date: 21/05/2013 02:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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