To view the PDF file, sign up for a MySharenet subscription.

TRELLIDOR HOLDINGS LIMITED - Acquisition Of Taylor Blinds And NMC 2nd Tranche Payment

Release Date: 18/07/2017 15:30
Code(s): TRL     PDF:  
Wrap Text
Acquisition Of Taylor Blinds And NMC – 2nd Tranche Payment

Trellidor Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1970/015401/06)
Share Code: TRL
ISIN Code: ZAE000209342
(“Trellidor” or “the Company”)

ACQUISITION OF TAYLOR BLINDS AND NMC – 2nd TRANCHE PAYMENT

Shareholders are referred to the SENS announcement dated 6 June 2016 setting out
the terms of the acquisition of an effective 92.5% interest in Taylor Blinds and Shutters
and NMC Decorative Mouldings (“the Business”) (“the Acquisition”).

Shareholders are advised that the profit period accounts for the 12 months period
ended 30 April 2017, for the Business, has been finalised and that the 2017 Target
PAT of R33.0m (excluding the after-tax effect of finance costs) has been achieved.
This resulted in Trellidor settling the Second Tranche, which amounted to a cash
payment of R27.75m for Trellidor’s effective equity interest of 92.5% in the Business.

The derived enterprise value for 100% of the business, based on the respective
tranche payments made, equates to R177.7m.

18 July 2017
Durban

Sponsor and Transaction Advisor
PSG Capital Proprietary Limited

Date: 18/07/2017 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
 the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, 
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
 information disseminated through SENS.

Share This Story