Update Announcement re the Acq of Pembury Sandton and the Proposed Circular to Shareholders and New Cautionary Ann PEMBURY LIFESTYLE GROUP LIMITED (Incorporated in the Republic of South Africa) (Registration number 2013/205899/06) (“the Company”) ISIN Code: ZAE000222949 JSE Code: PEM UPDATE ANNOUNCEMENT REGARDING THE ACQUISITION OF PEMBURY SANDTON (“Acquisition”) AND THE PROPOSED CIRCULAR TO SHAREHOLDERS AND NEW CAUTIONARY ANNOUNCEMENT Shareholders are referred to the announcement dated 24 April 2018 regarding the extension of time for the posting of the circular relating to the acquisition of the property known as Pembury Sandton (“the Circular”). Due to the delay in the publication of the Company’s results for the year ended 31 December 2017 (“the Results”), an update in respect of which was announced on 6 July 2018, the time period in which the Circular had to be resubmitted to the JSE for approval has lapsed. In addition, certain conditions precedent were not met within the prescribed timeframes and the parties have verbally agreed to extend the dates for the completion of these conditions precedent (“Conditions Precedent Dates”), but this needs to be reduced to writing. The Company will revive the submission of the Circular to the JSE as soon as the Results have been finalised and the Company has extended the Conditions Precedent Dates. A further announcement regarding the Acquisition and posting date of the Circular will be made in due course. Accordingly, shareholders are advised to exercise caution until a further announcement is made. By Order of the Board Johannesburg 27 August 2018 Designated Advisor Arbor Capital Sponsors Date: 27/08/2018 12:09:00 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.