Sectors Shares

CLICKS GROUP LIMITED - Announcement to Clicks Group Shareholders

Release Date: 17/01/2014 09:00
Code(s): CLS
 
Wrap Text
Announcement to Clicks Group Shareholders

Clicks Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/000645/06)
Share code: CLS ISIN: ZAE000134854
CUSIP: 18682W205
(“Clicks Group”)


ANNOUNCEMENT TO CLICKS GROUP SHAREHOLDERS


Shareholders are referred to the circular to Clicks Group shareholders dated 19 December
2013, including the notices of general meeting and scheme meeting to be held on 30 January
2014 (“the Meetings”) contained therein (“the Circular”).

Subsequent to the posting of the Circular a number of shareholders expressed concerns
regarding the change in Clicks Group’s capital structure as a result of the proposed
transactions described in the Circular.

The board has considered the matter, and in the light of the shareholders’ concerns, has
resolved to withdraw the proposed transactions. In the circumstances the Meetings,
relating to the creation and issuance of the preference shares and the associated scheme
of arrangement, will not proceed.

The Annual General Meeting will still be held as scheduled.


Cape Town

17 January 2014




Sponsor: Investec Bank Limited

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