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GREENBAY PROPERTIES LIMITED - Offer by Greenbay (Firm Offer) to Group Five Limited (Group 5) to purchase its European assets and businesses

Release Date: 23/10/2017 11:34
Code(s): GRP     PDF:  
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Offer by Greenbay (“Firm Offer”) to Group Five Limited (“Group 5”) to purchase its European assets and businesses

GREENBAY PROPERTIES LTD
(Incorporated in the Republic of Mauritius on 14 August 2014)
(Registration number: C124756 C1/GBL)
SEM share code: GFP.N0000
JSE share code: GRP
ISIN: MU0461N00007
(“Greenbay” or “the Company”)


OFFER BY GREENBAY (“FIRM OFFER”) TO GROUP FIVE LIMITED (“GROUP 5”) TO PURCHASE ITS EUROPEAN ASSETS AND BUSINESSES 
(“TARGET ASSETS”)


Greenbay shareholders are referred to the Company’s announcement released on the Stock Exchange News Service
(“SENS”) of the JSE Limited (“JSE”) and the website of the Stock Exchange of Mauritius Ltd (“SEM”) on 16 October 2017 
and the announcements released by Group 5 on SENS on 16 and 20 October 2017.

Greenbay confirms that, in light of Group 5’s preliminary observation that Greenbay’s offer price substantially 
undervalues the Target Assets, Greenbay has not extended its deadline for acceptance of the firm offer, which has lapsed.

By order of the board


23 October 2017

This notice is issued pursuant to JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the Securities
(Disclosure Obligations of Reporting Issuers) Rules 2007. The board of directors of Greenbay accepts full responsibility
for the accuracy of the information in this announcement.

The Company has primary listings on both the Official Market of the SEM and the Main Board of the JSE.


JSE sponsor 
Java Capital 
Tel: +27 11 722 3052             
     
                                                                                    
SEM authorised representative and sponsor
Perigeum Capital 
Tel: +230 402 0890  

                     
Company secretary
Intercontinental Trust Ltd            
Tel: +230 403 0800

Date: 23/10/2017 11:34:00 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.

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