SUR - Spur Corporation - Spur Corporation not to proceed with

Release Date: 05/08/2011 12:15
Code(s): SUR
 
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SUR - Spur Corporation - Spur Corporation not to proceed with Cappuccino`s transaction Spur Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share code: SUR ISIN: ZAE 000022653 ("Spur Corporation") SPUR CORPORATION NOT TO PROCEED WITH CAPPUCCINO`S TRANSACTION Spur Corporation announced in the press on 6 June 2011 that it planned to acquire a 60% stake in the Cappuccino`s restaurant chain. The transaction was subject to the completion of a due diligence review. Following the conclusion of this due diligence process the management of Spur Corporation and Cappuccino`s have agreed, by mutual consent, not to proceed with the transaction. Cape Town 5 August 2011 Sponsor Sasfin Capital A division of Sasfin Bank Limited Date: 05/08/2011 12:15:07 Supplied by www.sharenet.co.za Produced by the JSE SENS Department . The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.
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