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TIGER BRANDS LIMITED - Notification in terms of section 45 of the Companies Act

Release Date: 18/12/2015 12:08
Code(s): TBS     PDF:  
Wrap Text
Notification in terms of section 45 of the Companies Act

TIGER BRANDS LIMITED
“Tiger Brands” or “the Company”
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN: ZAE000071080




NOTIFICATION IN TERMS OF SECTION 45 OF THE COMPANIES ACT 71 OF 2008
(”THE ACT”)

Tiger Brands Limited and its wholly owned subsidiary Tiger Consumer Brands Limited
have entered into an agreement with FirstRand Bank Limited (acting through its RMB
Corporate Banking division) in terms of which FirstRand Bank Limited has provided
increased general purpose facilities totalling R1 224 million to Tiger Brands Limited and
Tiger Consumer Brands Limited. This is to partially replace existing facilities granted by
another financial institution.

In terms of the agreement, suretyships have been provided by both Tiger Brands
Limited and Tiger Consumer Brands Limited, which fall under the definition of financial
assistance to related parties in terms of the provisions of Section 45 of the Act.

Shareholders are accordingly advised of this transaction.




Bryanston
18 December 2015

Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited

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