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ALEXANDER FORBES GROUP HOLDINGS LIMITED - Renewal of cautionary announcement

Release Date: 07/09/2016 17:00
Code(s): AFH     PDF:  
Wrap Text
Renewal of cautionary announcement

ALEXANDER FORBES GROUP HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2006/025226/06)
JSE Share Code: AFH ISIN: ZAE000191516
(“Alexander Forbes” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the cautionary announcement released on SENS on 14 March
2016 and subsequent renewals thereof, the last of which was dated 25 July 2016 and
therefore requires renewal in terms of the JSE Listings Requirements.

Alexander Forbes remains involved in negotiations regarding the potential introduction
of a black economic empowerment partner which, if successfully concluded, may have a
material effect on the price of the Company’s securities.

At this stage, the Company can disclose that negotiations relate to a potential
transaction whereby the empowerment partner may subscribe for 10% of the equity in all
of the African operations (excluding the International operations outside of the African
continent), housed within Alexander Forbes Limited (a subsidiary of the Company). It is
currently anticipated that the potential transaction will not require any funding from
the Company.

The terms and conditions to the potential transaction are in the process of being
negotiated and accordingly, shareholders are advised to continue exercising caution when
dealing in the Company’s securities, until a further announcement is made.

7 September 2016

Sandton

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

Date: 07/09/2016 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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