BIOSCIENCE BRANDS LIMITED - Further announcement regarding disposal of Muscle Science, the notice of montion and further cautionary announcement

Further announcement regarding disposal of Muscle Science, the notice of montion and further cautionary announcement


BIOSCIENCE BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2005/005805/06)
(JSE code: BIO ISIN: ZAE000115036)
(BioScience or the Company)

FURTHER ANNOUNCEMENT REGARDING DISPOSAL OF MUSCLE SCIENCE, THE 
NOTICE OF MOTION AND FURTHER CAUTIONARY ANNOUNCEMENT

 
Update on Disposal of Muscle Science

Further to:

- the announcements released on SENS on 30 April, 7 June and 19 July 2013 in respect 
of negotiations to dispose of the Muscle Science Brand and related sub-brands and 
trade-marks or BioSciences subsidiary Aldabri 53 (Pty) Limited (Aldabri), which 
holds and trades Muscle Science, to Akacia Healthcare (Pty) Ltd (Akacia) (the 
Sale Transaction), and

- the announcements released on 31 July and 6 August 2013 in respect of the notice of 
motion for the intention by Dr AP Ferreira to make application for the winding-up of 
BioScience (the Motion),

shareholders and creditors are advised that the board of BioScience is considering the 
impact of the Motion on the Sale Transaction and engaging all best efforts to secure 
the best outcome for creditors and shareholders. 

To protect their interests Akacia have perfected their security over the assets of 
Aldabri. These assets are the subject of the Sale Transaction and Akacia have indicated 
their continued commitment to the Sale Transaction and the offer of compromise to creditors 
of Aldabri.

Renewal of cautionary announcement

Shareholders are advised to continue exercising caution when dealing in the companys 
shares until the financial effects had been announced.
 
20 August 2013
Johannesburg
 
Designated Adviser
Exchange Sponsors
 


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