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JD GROUP LIMITED - Extension of tender offer by Steinhoff International Holdings Limited

Release Date: 03/04/2014 13:53
Code(s): JDG     PDF:  
Wrap Text
Extension of tender offer by Steinhoff International Holdings Limited

JD Group Limited
(Incorporated in the Republic of South Africa)
Registration number: 1981/009108/06
JSE share code: JDG    ISIN: ZAE000030771
JSE bond code: JDGCB   ISIN: ZAE000168415
("JD Group")

EXTENSION OF THE TENDER OFFER BY STEINHOFF INTERNATIONAL
HOLDINGS LIMITED

Shareholders of JD Group are referred to the announcement
released by Steinhoff International Holdings Limited
(“Steinhoff”) yesterday, regarding the extension of the
offer by Steinhoff to acquire up to 98% of the issued
ordinary shares in JD Group.

Information in relation to the process and procedure for the
acceptance of the Tender Offer by JD Group Shareholders, as
well as instructions for completing the Acceptance and
Surrender Forms, are available on the JD Group web site at
www.jdgroup.co.za/offer-to-shareholders.

The content of Steinhoff’s announcement, without
modification, is set out below.

Extension of the Tender Offer by Steinhoff to acquire up to
98% of JD Group Limited (“JD Group”)

JD Group Shareholders are referred to the announcements by
Steinhoff dated 25 March 2014 and 27 March 2014, regarding
the offer by Steinhoff ("Tender Offer") to acquire up to 98%
of the issued ordinary shares in JD Group, excluding treasury
shares.

On 27 March 2014 Steinhoff announced that the Tender Offer
would close at the close of business (17:00) on Wednesday, 2
April 2014. To this end, Steinhoff has received a number of
additional requests to participate in the Tender Offer.

Accordingly, in order to afford such JD Group Shareholders
the opportunity to participate in the Tender Offer and to
facilitate the administrative process associated with the
Tender Offer, JD Group Shareholders are hereby notified that
the Tender Offer closing date will be extended until the
close of business (17:00) on Friday, 4 April 2014.

Shareholders of Steinhoff and JD Group are hereby advised
that Steinhoff has, up to close of business on 1 April 2014,
received notifications of acceptance of the Tender Offer from
a number of JD Group shareholders which, once verified and
implemented, will result in Steinhoff increasing its total
beneficial interest in JD Group to 86.0% of the total JD
Group issued ordinary shares, excluding treasury shares.

Johannesburg
3 April 2014

Sponsor to JD Group
PSG Capital Proprietary Limited

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