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Unbundling Of Gameco
NIVEUS INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1996/005744/06)
Share code: NIV
ISIN: ZAE000169553
(“Niveus” or “the Company”)
UNBUNDLING OF GAMECO
Shareholders are referred to the announcement released on the Stock Exchange News Service
of the JSE by Niveus on 14 March 2017, relating to inter alia the unbundling by Niveus of its
interests in its gaming businesses, currently held via its wholly-owned subsidiary, Niveus Invest
19 Limited (“Gameco”)(“Unbundling”).
Shareholders are hereby advised that, even though the language in sections 112 and 115 of the
Companies Act, No 71 of 2008 (“Companies Act”) is ambiguous as to whether the declaration of
a dividend in specie of the majority of the assets of the Company amounts to a disposal of the
greater part of the assets or undertaking of the Company in terms of section 112 Companies Act,
in order to be prudent, the Company will seek the approval of its shareholders and the TRP in
accordance with the provisions of sections 112 and 115 of the Companies Act prior to
implementing the Unbundling.
Cape Town
29 May 2017
Sponsor: PSG Capital Proprietary Limited
Date: 29/05/2017 08:15:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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