Detailed Cautionary Announcement
SOUTH OCEAN HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2007/002381/06)
Share Code: SOH
(“SOH” or “the Company”)
DETAILED CAUTIONARY ANNOUNCEMENT
Shareholders are advised that SOH is in advanced discussions with ARB Holdings
Limited (“ARB”) and its subsidiary, Eurolux Proprietary Limited, to dispose of 100% of
the total issued share capital of Radiant Group Proprietary Limited (“Radiant”), a
subsidiary of SOH, and the properties that Radiant operate out of. This will be a
category 1 transaction for the Company.
Radiant imports and distributes light 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
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 SOH, the JSE and the Competition
Accordingly, shareholders are advised to exercise caution when dealing in the
Company’s securities until a further announcement is made on SENS.
By order of the Board
3 July 2018
Arbor Capital Sponsors Proprietary 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').
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.
Email this JSE Sens Item to a Friend.