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ARB HOLDINGS LIMITED - Renewal of Cautionary Announcement

Release Date: 26/09/2018 16:34
Code(s): ARH     PDF:  
 
Wrap Text
Renewal of 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")

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the detailed terms announcement released on SENS on Wednesday 15 August 2018,
which advised that ARB and its subsidiary, Eurolux Proprietary Limited, signed definitive agreements (the
“Agreements”) with South Ocean Holdings Limited (“South Ocean”) and its subsidiary Radiant Group Proprietary
Limited (“Radiant”), in terms of which ARB, through Eurolux, will acquire 100% of the total issued share capital of
Radiant and the properties that Radiant operate out of, from South Ocean (the “Transaction”).

The announcement further advised that the effective date and final purchase consideration was still to be determined,
subject to the fulfilment or waiver of the suspensive conditions or such other date as may be agreed by the parties.
The suspensive condition are still outstanding as at the date of this announcement.

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


Durban
26 September 2018


Sponsor
Grindrod Bank Limited

Date: 26/09/2018 04:34:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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