Clover Scheme: update on Competition Tribunal hearing
CLOVER INDUSTRIES LIMITED
Incorporated in the Republic of South Africa
(Registration number : 2003/030429/06)
JSE Ordinary Share code: CLR
NSX Ordinary Share code: CLN
ISIN: ZAE000152377
("Clover")
CLOVER SCHEME: UPDATE ON COMPETITION TRIBUNAL HEARING
Shareholders are referred to the Stock Exchange News Service (“SENS”) announcements relating to
the acquisition by Milco SA Proprietary Limited of all the issued shares in Clover (“Clover Scheme”),
the last of which was released on SENS on 4 September 2019.
Shareholders were advised, in the SENS announcement released on 4 September 2019, that the
further Competition Tribunal hearing in relation to the Clover Scheme had been set down for
yesterday, 9 September 2019. Shareholders are advised that, while the hearing progressed during the
course of the day, it was not finalised yesterday. Accordingly, the matter has been set down to
continue next Monday, 16 September 2019.
Johannesburg
10 September 2019
Sponsor to Clover
Rand Merchant Bank (A division of FirstRand Bank Limited)
NSX Sponsor to Clover
Merchantec Capital Namibia
Date: 10/09/2019 04:00:00
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