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KAGISO MEDIA LIMITED - Cautionary Announcement

Release Date: 05/09/2012 17:35
Code(s): KGM     PDF:  
Wrap Text
Cautionary Announcement

Kagiso Media Limited
(Incorporated in the Republic of South Africa)
(Registration number 1957/000036/06)
Share code KGM ISIN ZAE 000014007
(“Kagiso Media” or “the company”)


CAUTIONARY ANNOUNCEMENT


Shareholders are advised that Kagiso Media has made an offer
of R335 million to acquire 100% of the shares of Trinergy
Brand Connectors Proprietary Limited, 100% of the shares of
Experiential Marketing Proprietary Limited and EXP Momentum
Limited and indirectly acquire 100% per cent of the shares
in Bulls Rugby Holdings Proprietary Limited (which owns 50%
of the shares in Blue Bulls Company Proprietary Limited). As
part of the assets acquired for such price, Kagiso Media
will acquire all shareholder loan claims against such
companies for an additional R10m.

The offer is conditional on the Takeover Regulation Panel
granting an exemption certificate and the transaction is
subject to, inter alia, the completion of a sale agreement,
regulatory approvals, the necessary approvals by the
shareholders and the approval by the Bulls Rugby Union of
the change in shareholder.

The completion date for the transaction is anticipated to be
31 January 2013.

Accordingly, shareholders are advised to exercise caution
when dealing in the company’s securities until a further
detailed announcement is made.

5 September 2012
Johannesburg


Sponsor:
Investec Bank Limited

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