JASCO ELECTRONICS HOLDINGS LIMITED - UPDATE ACQUISITION OF CROSS FIRE MANAGEMENT PROPRIETARY LIMITED

UPDATE – ACQUISITION OF CROSS FIRE MANAGEMENT PROPRIETARY LIMITED

JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC            ISIN: ZAE000003794
("Jasco" or “the Group”)


UPDATE – ACQUISITION OF CROSS FIRE MANAGEMENT PROPRIETARY LIMITED


1 INTRODUCTION

Shareholders are referred to the SENS announcement released on 22 March 2017 whereby Jasco
advised that it has entered into a sale of shares agreement (“Transaction Agreement”) with John Henry
Cross (“the Vendor”) and Cross Fire Management Proprietary Limited (“Cross Fire”). In terms of the
Transaction Agreement, Jasco will acquire 65.4% of Cross Fire for a maximum aggregate purchase
price of R52.3 million (“the Transaction”).


2 ADDENDUM TO TRANSACTION AGREEMENT

Shareholders are further advised that the Transaction Agreement has been amended by the extension
of the date at which all suspensive conditions must be met from 31 May 2017 to 31 July 2017.



Midrand
1 June 2017


Sponsor
Grindrod Bank Limited


Legal Advisor to Jasco
Etambo Equity (Proprietary) Limited


Corporate Advisor to Jasco
SamuelKennedy Investments (Proprietary) Limited

Date: 01/06/2017 04:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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