RBA HOLDINGS LIMITED - Further announcement re disposal of subsidiary company

Further announcement re disposal of subsidiary company

RBA Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1999/009701/06)
JSE Share Code: RBA  ISIN: ZAE000104154
(RBA or the company)


FURTHER ANNOUNCEMENT RE DISPOSAL OF SUBSIDIARY COMPANY


1. INTRODUCTION 

On 1 March 2013 RBA announced that it entered into a Sale of Shares Agreement with Jika Properties (Pty) Ltd 
to sell all the issued shares of Sunnyshore Investments 103 (Pty) Ltd (Sunnyshore), a wholly owned 
subsidiary of RBA, subject to certain conditions precedent (the disposal).



2. FULFILMENT OF TERMS AND CONDITIONS OF THE DISPOSAL

Shareholders are advised that the conditions of the disposal have been fulfilled and that the disposal has 
been effected on the 8th of April 2013. 



3. FINAL CONSIDERATION

In the previous announcement it was indicated that the proceeds of the disposal would be approximately 
R 7 million less a breakage fee of approximately R 1.1 million. The final consideration amounted to a 
slightly higher amount of R 6.3 million.


	

9 April 2013
Johannesburg



Designated Adviser
Exchange Sponsors






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