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PPC LIMITED - Withdrawal of Cautionary Announcement

Release Date: 27/03/2015 12:00
Code(s): PPC     PDF:  
Wrap Text
Withdrawal of Cautionary Announcement

PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE000170049
("PPC" or the "Company")

                         WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT

 Shareholders of PPC are referred to the cautionary announcements published on the
 Stock Exchange News Service (“SENS”) on 10 December 2014, 27 January 2015 and 10
 March 2015 regarding the non-binding proposal from AfriSam Group (Pty) Ltd
 (“AfriSam”) to the Board of Directors of PPC (the “Board”) proposing, inter alia, a
 merger between AfriSam and the Company (the “indicative proposal”).

 Shareholders are hereby advised that the Board has considered the proposed merger
 and its merits, and has decided not to proceed. The Board has therefore terminated
 its engagement with AfriSam.
 Accordingly, shareholders are no longer required to exercise caution when dealing
 in securities of the Company.
 The Board remains committed to its strategy of enhancing the Company’s position in
 Southern Africa and expanding its footprint into other African countries.

 Sandton
 27 March 2015


 Financial Advisor and Sponsor to PPC
 Merrill Lynch South Africa (Pty) Ltd

 Legal Advisors to PPC
 Bowman Gilfillan

 PPC:
 Azola Lowan
 Tel: +27 (0) 11 386 9000
 Azola.Lowan@ppc.co.za


 Financial Communications Advisor:
 Instinctif Partners
 Morne Reinders
 Mobile: +27 (82) 480 4541
 Morne.reinders@instinctif.com

 Louise Fortuin
 Mobile: +27 (71) 605 4294
 Louise.fortuin@instinctif.com


 Financial Advisor to AfriSam
 Rand Merchant Bank (a division of FirstRand Bank Limited)

 Legal Advisors to AfriSam
 Werksmans

 Financial Communications Advisor:
 Brunswick
Itumeleng Mahabane
Mobile: +27 (83) 284 6774
Imahabane@brunswick.co.za

Date: 27/03/2015 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

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