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SEARDEL INVESTMENT CORPORATION LTD - Fulfillment of conditions precedent

Release Date: 17/09/2014 15:22
Code(s): SRN SER     PDF:  
Wrap Text
Fulfillment of conditions precedent

SEARDEL INVESTMENT CORPORATION LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1968/011249/06
N-Shares share code: SRN; Ordinary Shares share code: SER
ISIN: ZAE000030144; ISIN: ZAE000029815
(“Seardel” or “the Company”)



FULFILLMENT OF CONDITIONS PRECEDENT - SMALL RELATED PARTY TRANSACTION



1. INTRODUCTION

  Seardel shareholders (“Shareholders”) are referred to the announcement dated 28 August 2014
  (the “Announcement”) regarding the small related party transactions whereby Sabido
  Investments Proprietary Limited (“Sabido”), a subsidiary of Seardel, entered into agreements for
  the acquisition of shares in Longkloof Limited and Crystal Brook Distribution Proprietary Limited,
  from related party companies, (the Transactions”), the detail of which is set out in the
  Announcement.

2. FULFILLMENT OF CONDITIONS PRECEDENT

  Shareholders are hereby advised that all the conditions precedent to the Transactions have now
  been fulfilled and that the Transactions have become unconditional.

Cape Town
17 September 2014

Transaction Advisor and Sponsor
Investec Bank Limited

Corporate Law Advisor
Tabacks and Associates Proprietary Limited

Independent Professional Expert
BDO Corporate Finance Proprietary Limited

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