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Update on the claw-back offer
CROOKES BROTHERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
Share code: CKS
ISIN: ZAE000001434
(“Crookes Brothers” or “the Company”)
UPDATE ON THE CLAW-BACK OFFER
Crookes Brothers shareholders (“Shareholders”) are referred to the announcement published on the
Stock Exchange News Service on 11 August 2015 which advised that the Claw-back Offer remained
subject to the obtaining of the requisite approvals from:
- the Issuer Regulation Division of JSE Limited (“JSE Approval”); and
- the competition authority.
Further to the above, the requisite competition authority approvals have now been obtained and the
Claw-back Offer now only remains subject to JSE Approval.
It is anticipated that JSE Approval will be obtained in mid-November 2015 when the funds regarding
the maximum subscription of 2 687 500 ordinary shares in the share capital of the Company, at an
issue price of R80 per share, are expected to transfer from Silverlands (SA) Plantations S.ár.l
(“Silverlands”), a société á responsabilité limitée registered in Luxembourg, to the Company. At this
time, a further announcement will be published setting out the full details and dates pertaining to the
Claw-back Offer.
19 October 2015
Mt Edgecombe
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
Legal advisors to the Company
Norton Rose Fulbright South Africa Inc.
Legal advisors to Silverlands
Cliffe Dekker Hofmeyr Incorporated
Date: 19/10/2015 03:20:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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