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Pembury Lifestyle Group Limited - Voluntary Announcement Regarding The Agreement To Acquire A Property In Modimolle, Limpopo

Release Date: 17/08/2017 11:59
Code(s): PEM
 
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Voluntary announcement regarding the agreement to acquire a property in Modimolle, Limpopo

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


VOLUNTARY ANNOUNCEMENT REGARDING THE AGREEMENT TO ACQUIRE A PROPERTY IN
MODIMOLLE, LIMPOPO


Shareholders are advised that Pembury Lifestyle Group has entered into an agreement to
acquire a property in Modimolle, Limpopo, subject to certain conditions precedent.

This acquisition exceeds the stated intention of acquiring three properties during 2017, to
enable the opening of at least three new campuses in 2018. The Company has already
secured three schools for 2018, namely PLG Greenhills Academy, based in Randfontein, PLG
Carlswald Academy, based in Midrand and PLG Midview Academy, based in Mnandi. This is
the fourth property acquisition in 2017.

The new campus will open in January 2018 and will comprise three additional schools, being a
Pre Primary School, a Primary School and a High School. The property is 19 hectares in size, with
over 4 000m2 suited for further expansion to 1 200 pupils.

Approximately 8 hectares of the property will also be dedicated to the expansion of PL Group’s
existing retirement portfolio.

With the addition of the four properties in 2017, the PLG schools division will grow in 2018 from 7
to 11 campuses and 19 to 31 schools, with a future potential capacity of 12 000 students. This
growth to 11 campuses in 2018 exceeds the forecast contained in the Company’s Prospectus
dated 9 March 2017.

BY ORDER OF THE BOARD
Johannesburg
17 August 2017

Designated Advisor
Arbor Capital Sponsors

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