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PEMBURY LIFESTYLE GROUP LIMITED - Voluntary Announcement Regarding the Acquisition of a Property in Carlswald, Midrand - PLG Carlswald Academy

Release Date: 11/04/2017 12:05
Code(s): PEM     PDF:  
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Voluntary Announcement Regarding the Acquisition of a Property in Carlswald, Midrand - PLG Carlswald Academy

PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
(“PL Group” or “the Company”)
ISIN Code: ZAE000222949 JSE Code: PEM


VOLUNTARY ANNOUNCEMENT REGARDING THE ACQUISITION OF A PROPERTY IN CARLSWALD,
MIDRAND - PLG CARLSWALD ACADEMY


Shareholders are advised that Pembury Lifestyle Group, the Johannesburg Stock Exchange’s
third listed schools group, has acquired a property in Carlswald, Midrand.

This acquisition is in line with the stated intention of acquiring three properties during 2017, to
enable the opening of at least three new campuses in 2018. The Company has already
secured the first school for 2018, namely PLG Greenhills Academy, based in Randfontein and
this is the second property acquisition as planned for 2017.

The PLG Carlswald Academy will be open in 2018 and will comprise three additional schools
being a Pre Primary School, a Primary School and a High School. The property will be
expanded over time to a capacity of 1 200 students from grade 000 to Grade 12.

With the addition of the PLG Carlswald Academy, and including PLG Randfontein, the
PLG schools division will grow in 2018 from 7 to 9 campuses and 19 to 25 schools, with a future
potential capacity of 9 000 students.

BY ORDER OF THE BOARD
Johannesburg
11 April 2017

Designated Advisor
Arbor Capital Sponsors

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