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PEMBURY LIFESTYLE GROUP LIMITED - Cautionary Announcement

Release Date: 02/05/2017 17:14
Code(s): PEM     PDF:  
Wrap Text
Cautionary Announcement

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


CAUTIONARY ANNOUNCEMENT


Shareholders are advised that the Company has entered into negotiations to acquire six
Pembury retirement lodges and villages. Pembury Retirement Lodges and Villages comprise five
lodges in Gauteng (Melrose, Bryanston, Sandton, Fairland and Magaliesburg) and one lodge in
the Western Cape (Plettenberg Bay). These lodges currently offer more than 400 units, with
plans to increase this to 700 units in the next 12 months. This is in line with PL Group’s strategy to
diversify into the retirement segment, as stated in the Company’s prospectus which was issued
on 9 March 2017.

Shareholders are accordingly advised to exercise caution when dealing in their shares until a
further announcement, detailing the acquisition terms and conditions, is made.


By order of the board
Johannesburg
2 May 2017

Designated Advisor
Arbor Capital Sponsors

Date: 02/05/2017 05:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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