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Extension of agreement
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
EXTENSION OF SHARE SALE AND SUBSCRIPTION AGREEMENT WITH BLACK MANAGEMENT FORUM
INVESTMENT COMPANY LIMITED (“BMFI”)
Shareholders are referred to the announcement published on 2 June 2017 regarding the binding share
sale and subscription agreement entered into by PL Group and BMFI in terms of which BMFI will acquire
between 56 000 000 and 57 000 000 shares by way of acquisition of 37 000 000 existing shares from
property vendors of PL Group and the subscription for a minimum of 19 000 000 PL Group shares, up to a
maximum of 20 000 000 PL Group shares at a subscription price of R0.90 per share, totalling a minimum
purchase consideration of R17 100 000 and a maximum purchase consideration of R18 000 000
(“Subscription Shares”).
Shareholders are further advised that the parties have agreed to extend the agreement to allow the
payment date as well as date for all final approvals by the board of directors of the BMFI to be on
31 July 2017 as the due diligence investigation is still being finalised.
BY ORDER OF THE BOARD
Johannesburg
6 July 2017
Designated Advisor
Arbor Capital Sponsors
Date: 06/07/2017 03:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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