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SUR - Spur Corporation Limited - SENS Announcement by The Spur Corporation

Release Date: 07/03/2012 11:09
Code(s): SUR
Wrap Text

SUR - Spur Corporation Limited - SENS Announcement by The Spur Corporation Spur Corporation Limited (Incorporated in the Republic of South Africa) (Registration number 1998/000828/06) Share code: SUR ISIN: ZAE000022653 ("Spur") SENS ANNOUNCEMENT BY THE SPUR CORPORATION Shareholders are referred to the SENS announcement dated 26 January 2012 wherein they were informed that a wholly-owned subsidiary of Spur had acquired the remaining 35% interest in John Dory`s Franchise (Pty) Ltd ("John Dory`s") from the Kapsimalis Family Trust ("Kapsimalis Trust") with effect from 25 January 2012 for the sum of R12.25 million ("the acquisition"). The acquisition, which is smaller than a category 2 transaction, constitutes a small related party transaction in terms of the JSE Limited ("JSE") Listing Requirements, as Mr Kapsimalis, a trustee of the Kapsimalis Trust, was a director of John Dory`s. Spur have appointed Mazars Corporate Finance (Pty) Ltd ("Mazars") as an independent professional expert acceptable to the JSE. Mazars have declared that the terms of the acquisition are fair as far as Spur shareholders are concerned and their fairness opinion will lie for inspection at the registered offices of Spur, at 1 Waterford Mews, Century Boulevard, Century City, Cape Town from 7 March until 18 April 2012. Cape Town 7 March 2012 Sponsor Sasfin Capital A division of Sasfin Bank Limited Independent professional expert Mazars Corporate Finance (Pty) Ltd Legal advisors Bernadt Vukic Potash & Getz Attorneys Date: 07/03/2012 11:09:01 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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