HOLDSPORT LIMITED - Holdsport Limited/Long4Life Limited - Excess Scheme Cash Allocation Payable To Shareholders

Release Date: 07/11/2017 10:49
Code(s): HSP L4L
 
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Holdsport Limited/Long4Life Limited - Excess Scheme Cash Allocation Payable To Shareholders

 HOLDSPORT LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number 2006/022562/06)
 Share code: HSP
 ISIN: ZAE000157046
 ("Holdsport")

 LONG4LIFE LIMITED
 (Incorporated in the Republic of South Africa)
 (Registration number 2016/216015/06)
 Share code: L4L
 ISIN: ZAE000243119
 ("Long4Life")


Excess Scheme Cash Allocation Payable To Shareholders

1.   Introduction

Shareholders of Holdsport and Long4Life are referred to the Circular issued on Thursday, 31 August 2017,
containing details of the firm intention by Long4Life to acquire the entire issued share capital of Holdsport, net of
treasury shares and Holdsport shares registered in the name of and beneficially owned by Long4Life, through a
scheme of arrangement.

The definitions and interpretations commencing on page 10 of the Circular have been used in this SENS
announcement.

2.   Excess Scheme Cash Allocation payable to Shareholders

As described in the Circular, Scheme Participants were entitled to elect to receive either:
-   The Option A Scheme Consideration, being 12.10 Long4Life Shares per Scheme Share; or
-   The Option B Scheme Consideration being 11.20 Long4Life Shares and R5.00 payable in cash per Scheme
    Share.

To the extent that certain Scheme Participants elected the Option A Scheme Consideration and not the Option B
Scheme Consideration, those Scheme Participants who elected the Option B Scheme Consideration were afforded
the opportunity to apply for Excess Scheme Cash.

Based on the elections received, Scheme Participants who elected the Option B Scheme Consideration and
applied for Excess Scheme Cash (“Excess Cash Electing Shareholders”) will receive 10.20 Long4Life Shares
and R10.00 payable in cash per Scheme Share. The Cash Component of the Scheme Consideration amounts to
R181.6 million comprising of the cash payable to Scheme Participants who selected the Option B Scheme
Consideration, plus the Excess Scheme Cash Allocation.

Excess Cash Electing Shareholders will be paid their Scheme Consideration on Wednesday, 8 November 2017 in
line with the timetable set out in the finalisation announcement released on SENS on Wednesday, 18 October
2017.


Cape Town / Johannesburg
7 November 2017

Financial Advisor to Long4Life
Investec Bank Limited

Sponsor to Long4Life
The Standard Bank of South Africa Limited

Sponsor to Holdsport
UBS South Africa (Pty) Ltd

Legal Advisor to Long4Life
Edward Nathan Sonnenbergs Inc.

Legal Advisor to Holdsport
Cliffe Dekker Hofmeyr

Date: 07/11/2017 10:49:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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