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Famous Brands - Acquisition Of Bimbo"s Franchise Agreements

Release Date: 10/02/2006 17:04
Code(s): FBR
Wrap Text

Famous Brands - Acquisition Of Bimbo"s Franchise Agreements FAMOUS BRANDS LIMITED (Incorporated in the Republic of South Africa) (Registration number 1969/004875/06) Share code: FBR ISIN code: ZAE000053328 ("Famous Brands") ACQUISITION OF BIMBO"S FRANCHISE AGREEMENTS Famous Brands is pleased to announce that all the conditions precedent to the acquisition of the Bimbo"s franchise agreements linked specifically to Engen Petroleum forecourt sites as published on 16 November 2005, have been fulfilled and the transaction is now unconditional. In terms of the agreement, Famous Brands has secured or provisionally secured the minimum 26 conversion agreements with the Bimbo"s/Engen franchisees. The conversion of these sites to Steers will commence with immediate effect and is expected to be completed by 30 June 2006. Rosebank 9 February 2006 Sponsor Java Capital (Proprietary) Limited Date: 10/02/2006 05:04:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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