ARB HOLDINGS LIMITED - Cautionary Announcement

Release Date: 03/07/2018 17:00
Code(s): ARH
 
Wrap Text
Cautionary Announcement

ARB HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1986/002975/06)
Share Code: ARH ISIN: AE000109435
("ARB" or "the Company" or "the Group")

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that ARB and its subsidiary, Eurolux Proprietary Limited, are in advanced discussions with
South Ocean Holdings Limited (“South Ocean”) to acquire 100% of the total issued share capital of Radiant Group
Proprietary Limited (“Radiant”) and the properties that Radiant operate out of. If successfully concluded, this
proposed transaction may have a material effect on the price of the Company’s securities. This will be a category 2
transaction for the Company.


Radiant imports and distributes lighting fittings, lamps and electrical accessories to the housing, infrastructure,
building and construction sectors. Radiant distributes its products through lighting warehouses, retail outlets, lighting
specialists and electrical wholesalers.


The proposed transaction is subject to several conditions precedent, including the conclusion of definitive sale
agreements, and a comprehensive due diligence, together with the approval of the shareholders of South Ocean,
the JSE and the Competition Commission.


Accordingly, shareholders are advised to exercise caution when dealing in the Company’s securities until a further
announcement is made on SENS.


Durban
3 July 2018


Sponsor
Grindrod Bank Limited

Date: 03/07/2018 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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