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PREMIER FISHING AND BRANDS LIMITED - Category 2 transaction: finalisation announcement

Release Date: 01/03/2023 17:14
Code(s): PFB     PDF:  
Wrap Text
Category 2 transaction: finalisation announcement

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”)


CATEGORY 2 TRANSACTION: FINALISATION ANNOUNCEMENT


Shareholders are referred to the category 2 transaction announcement released jointly by PFB
and African Equity Empowerment Investments Limited (“AEEI”) on SENS on Thursday, 22
December 2022 (“Category 2 Announcement”), advising that Talhado Fishing Enterprises
Proprietary Limited (“Talhado”) had entered into a share repurchase agreement with Scofish
Proprietary Limited (“Scofish”), and separately that Premier Fishing SA Proprietary Limited
(“PFSA”), a wholly owned subsidiary of the Company, had entered into a subscription
agreement in terms of which it would subscribe for an additional 607 ordinary shares in
Talhado’s issued share capital.

All capitalised terms used but not defined in this announcement shall bear the meanings
ascribed to them in the Category 2 Announcement.

Shareholders are advised that all conditions precedent listed in the Category 2 Announcement
in relation to the Repurchase Agreement and Subscription Agreement have been fulfilled and,
accordingly, the transactions contemplated in these agreements are now unconditional and
were implemented on Tuesday, 28 February 2023.

The board of directors of the Company accepts responsibility for the information contained in
this announcement. To the best of their collective 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
1 March 2023


Sponsor and Designated Advisor to PFB

Vunani Corporate Finance


Legal Advisor to PFB and PFSA

Clyde & Co

Legal Advisor to Scofish

Dawson Edwards & Associates

Date: 01-03-2023 05:14:00
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