BOWLER METCALF LIMITED - Confirmation of receipt of deferred consideration proceeds from the disposal of SoftBev Proprietary Limited

Confirmation of receipt of deferred consideration proceeds from the disposal of SoftBev Proprietary Limited

BOWLER METCALF LIMITED
(Registration number 1972/005921/06)
Share code: BCF     ISIN number: ZAE000030797
(“Bowler Metcalf” or “the Company”)


CONFIRMATION OF RECEIPT OF DEFERRED CONSIDERATION PROCEEDS FROM THE DISPOSAL
OF SOFTBEV PROPRIETARY LIMITED (“THE TRANSACTION”)

The directors of the Company are pleased to advise the shareholders that the Transaction
has been completed through the receipt of the deferred consideration portion of the
proceeds in the amount of R69 million.

Shareholders are referred to the announcement on SENS on 9 April 2018 and to the
Company’s Integrated Annual Report for the period ended 30 June 2018 whereby it was
announced that the expected deferred consideration from the Transaction would be
between R40 million and R55 million.



CAPE TOWN
16 November 2018


SPONSOR
Arbor Capital Sponsors Proprietary Limited

Date: 16/11/2018 03:17:00 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.