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KGM - Kagiso Media Limited - Fulfilment of conditions precedent on the offer to

Release Date: 24/05/2012 15:50
Code(s): KGM
Wrap Text

KGM - Kagiso Media Limited - Fulfilment of conditions precedent on the offer to acquire the entire issued share capital of The Juta Group KAGISO MEDIA LIMITED Incorporated in the Republic of South Africa) Reg. No 1957/000036/06 Share Code: KGM ISIN:ZAE000014007("Kagiso Media" or "the Company") FULFILMENT OF CONDITIONS PRECEDENT ON THE OFFER TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF THE JUTA GROUP The board of directors of Kagiso Media is pleased to announce that Kagiso Media`s offer to directly and indirectly acquire 100% of the share capital in Juta & Company Limited, Juta Investments (Proprietary) Limited and Imfundo Investments (Proprietary) Limited (collectively the "Juta Group") has been approved by the Competition Tribunal and the final Compliance Certificate was issued by the Takeover Regulation Panel earlier today. All conditions precedent have been fulfilled and the acquisition of Juta Group by Kagiso Media will be implemented on Tuesday, 29 May 2012. Johannesburg 24 May 2012 Sponsor: Investec Bank Limited Date: 24/05/2012 15:50:18 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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