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PBT - PBT Group Limited - Acquisition of Cyberpro Consulting (PTY) Limited

Release Date: 18/05/2012 14:15
Code(s): PBT
Wrap Text

PBT - PBT Group Limited - Acquisition of Cyberpro Consulting (PTY) Limited ("CYBERPRO") and withdrawal of cautionary announcement PBT Group Limited Incorporated in the Republic of South Africa Registration number: 1936/008278/06 Share Code: PBT ISIN: ZAE000149712 ("PBT" or "the Company") ACQUISITION OF CYBERPRO CONSULTING (PTY) LIMITED ("CYBERPRO") AND WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT 1 ACQUISITION OF CYBERPRO Further to the cautionary announcement published on 16 February 2012 and the renewal thereof on 5 April 2012, shareholders are advised that the Company has entered into an agreement to acquire 51% of the issued share capital of Cyberpro ("the acquisition"). As an extension to the current services offering, the acquisition of Cyberpro, a Microsoft solutions company, is another logical step towards specialised focussed professional services. In terms of the JSE Listings Requirements, the acquisition is below the classification of a category 2 transaction. 2 WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are no longer required to exercise caution when dealing in their PBT shares and accordingly, the cautionary announcement released by PBT on 5 April 2012 is hereby withdrawn. Cape Town 18 May 2012 Sponsor: Bridge Capital Advisors (Pty) Limited Date: 18/05/2012 14:15:02 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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