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Sharenet Sites
Cautionary announcement
Distribution and Warehousing Network Limited
(Incorporated in the Republic of South Africa)
(Registration number 1984/008265/06)
Share code: DAW & ISIN code: ZAE000018834
(“DAWN” or “the Company” or “the Group”)
Cautionary announcement
DAWN wishes to advise shareholders in terms of section 3.9 of the JSE Listings Requirements,
that the Group today concluded a non-binding Memorandum of Understanding with the
controlling shareholders of GDW (Grohe DAWN Watertech) for the potential disposal of
DAWN’s 49% holding in the company to that shareholder, which if concluded, may have a
material effect on the price of the Company’s securities. No price has been agreed for the
transaction as yet. There is no certainty that the negotiations will lead to definitive and binding
agreements and therefore no certainty that the transaction will ultimately be concluded and
implemented.
The intention of both parties is that DAWN remains the long term master distributor for the
GDW product range in Southern Africa. It is the view of the DAWN board that this transaction
would be a positive step in the turnaround process of the Group.
Shareholders are therefore advised to exercise caution in their dealings in DAWN shares until
a further announcement is made.
Germiston
11 July 2017
Sponsor
Deloitte & Touche Sponsor Services (Pty) Ltd
Date: 11/07/2017 10:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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