PEMBURY LIFESTYLE GROUP LIMITED - Renewal of Cautionary Announcement

Renewal of Cautionary Announcement

PEMBURY LIFESTYLE GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2013/205899/06)
Share code: PEM ISIN: ZAE000222949
(“Pembury”, “the Company” or “the Group”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the original ‘Receipt of Application for Provisional Liquidation and Cautionary
Announcement’ dated 14 February 2020 regarding the liquidation applications served on the Company by
Moore Stephens FRRS Inc. (“Moore”), Pembury’s former auditors. Shareholders are further referred to
the subsequent renewal of cautionary announcements, the last of which was dated 26 July 2021 (and
using the terms defined therein unless otherwise stated) wherein Pembury advised that subsequent to the
lapsing of the agreement pertaining to the acquisition by Verityhurst of the claims from the former auditors,
an addendum had been signed between Moore and Verityhurst following which, subject to the receipt of
the first progress payment, the legal proceedings would be withdrawn.

Whilst the addendum also provided for the issue of shares under the Verityhurst Subscription Agreement
at 10.5 cents, shareholders are referred to the “Update on Verityhurst Share Subscription, Renewal of
Cautionary and Board Restructure’ announcement released on SENS on 25 August 2021. In this
announcement Pembury advised shareholders that the JSE Limited (“JSE”) had ruled that ordinary shares
may not be issued to Verityhurst in terms of the Subscription Agreement as the transaction did not meet
the provisions of the JSE Listings Requirements. Consequently, negotiations are currently underway
regarding the settlement of Moore’s claims.

Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s
securities until a further announcement is made.


Johannesburg
7 September 2021

Designated Adviser
Merchantec Capital

Date: 07-09-2021 05:20:00
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