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EFFICIENT GROUP LIMITED - Renewal of cautionary announcement

Release Date: 03/01/2013 17:00
Code(s): EFG     PDF:  
Wrap Text
Renewal of cautionary announcement

EFFICIENT GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 2006/036947/06)
Share Code: EFG ISIN: ZAE 000151841
(“the company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement released on SENS on 16 November 2012
and are advised that Efficient has entered into a non-binding Memorandum of Understanding
(“MOU”) with Thebe Investment Corporation (Proprietary) Limited (“TIC”) regarding the possible
acquisition by Efficient of TIC’s 74.9% shareholding in Thebe Stockbroking (Proprietary) Limited
(“Thebe Stockbroking”) (the “transaction”). The MOU allows for Efficient to conduct a due diligence
investigation into Thebe Stockbroking prior to the conclusion of formal binding legal agreements in
respect of a transaction, at which time a detailed announcement containing the full terms of the
transaction will be announced. Accordingly shareholders are advised to continue to exercise caution
when dealing in their securities in the company until a further announcement is made.

3 January 2013


SPONSOR

Java Capital

Date: 03/01/2013 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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