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Update On Proposed Transaction: Scheme Of Arrangement
PREMIER FISHING AND BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1998/018598/06)
Share code: PFB
ISIN: ZAE000247516
(“PFB” or “the Company”)
UPDATE ON PROPOSED TRANSACTION: SCHEME OF ARRANGEMENT
PFB Shareholders are referred to the announcement released by PFB on SENS on 3 March
2023 (“Firm Intention Announcement”), advising that Sekunjalo Investment Holdings
Proprietary Limited has provided PFB with written notice of its firm intention to make an offer
to the PFB Minority Shareholders to acquire the Scheme Shares in terms of a scheme of
arrangement contemplated in section 114(1)(c) of the Companies Act, No. 71 of 2008.
All capitalised terms used but not defined in this announcement shall bear the meanings
ascribed to them in the Firm Intention Announcement.
PFB Shareholders are advised that, as a result of certain delays in the finalisation of the
Circular, the Circular will not be distributed to PFB Shareholders on Monday, 3 April 2023 as
indicated in the ‘salient dates and times’ paragraph in the Firm Intention Announcement.
Accordingly, an application was made to the TRP to extend the date of distribution of the
Circular to Friday, 5 May 2023, which extension has been granted by the TRP. Shareholders
will be kept appraised of the process by way of further announcements.
The Independent Board accepts responsibility for the information contained in this
announcement. To the best of the Independent Board’s knowledge and belief, the information
contained in this announcement is true and the announcement does not omit anything likely
to affect the importance of the information contained herein.
Cape Town
31 March 2023
Transaction Sponsor to Sekunjalo
Vunani Corporate Finance
Legal Advisor to Sekunjalo
Clyde & Co
Legal Advisor to PFB
Smith Tabata Buchanan Boyes Inc.
Sponsors to PFB
Vunani Capital Sponsors
Date: 31-03-2023 12:00:00
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