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HOLDSPORT LIMITED - Acquisition announcement

Release Date: 21/06/2016 14:00
Code(s): HSP     PDF:  
Wrap Text
Acquisition announcement

HOLDSPORT LIMITED
Registration number: 2006/022252/06
Share code: HSP
ISIN: ZAE000157046

("Holdsport" or "the company" or “the group”)



Holdsport - acquisition announcement
Holdsport has acquired a 100% interest in Second Skins (Pty) Ltd (“Second Skins”).

Second Skins is a privately owned, wholly South African manufacturer of swim, sun-
protection, running and sportswear, uniforms and promotional clothing.

The company specialises in the production of customised performance-enhancing
garments made from the latest technical fabrics for the retail trade, schools, sports
clubs and corporations.

Second Skins was founded in 1986 by Brett Trollip who will remain with Brian Keegan
as the executive managers of the business.

The purchase consideration falls below the threshold of a categorised transaction in
terms of the Listings Requirements of the JSE Ltd. and will be settled from cash
reserves. All suspensive conditions have been fulfilled and the effective date of the
transaction is 21 June 2016.


Cape Town
21 June 2016
Sponsor: UBS South Africa (Pty) Ltd

Date: 21/06/2016 02:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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