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EOH HOLDINGS LIMITED - Renewal of Cautionary and Proposed Date of Posting of the Transaction Circular

Release Date: 26/04/2018 17:00
Code(s): EOH     PDF:  
Wrap Text
Renewal of Cautionary and Proposed Date of Posting of the Transaction Circular

EOH HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/014669/06)
Share code: EOH ISIN: ZAE000071072
(“EOH” or the “Company”)

RENEWAL OF CAUTIONARY AND PROPOSED DATE OF POSTING OF THE TRANSACTION CIRCULAR

Unless otherwise indicated, capitalised words and terms contained in this announcement shall bear the
same meanings ascribed thereto in the shareholder update announcement published on SENS on
Monday, 12 March 2018 (“Announcement”).

Shareholders are referred to the Announcement wherein Shareholders were advised that EOH had
entered into a framework agreement with Lebashe pursuant to which EOH and Lebashe agreed, subject
to the fulfilment of conditions precedent, to conclude the Transaction. In terms of the Transaction, EOH
will establish a strategic long-term partnership with Lebashe, have access to funding from Lebashe in
an amount of up to R3.25 billion (R250 million direct investment in EOH and a growth funding facility of
R3 billion) whilst also significantly enhancing EOH’s black ownership by a further 20.3% following the
implementation of the Transaction.

Further to the Announcement, Shareholders are advised that the pro forma financial effects of the
Transaction are still being finalised. Accordingly, Shareholders are advised to continue to exercise
caution when dealing in the Company’s securities until a further announcement is made. Additionally,
Shareholders are advised that the Transaction circular is expected to be posted to Shareholders by no
later than Friday, 15 June 2018.

Further details regarding the Transaction, the Transaction circular and the related salient dates and
times pertaining to the Transaction will be published on SENS in due course.

Johannesburg
26 April 2018

Corporate Advisor and Transaction Sponsor to EOH on the Transaction
One Capital

Attorneys to EOH on the Transaction
Cliffe Dekker Hofmeyr Inc.

Date: 26/04/2018 05:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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