LONG4LIFE LIMITED - Acquisition by Long4Life of Chill Holdings Proprietary Limited

Release Date: 01/10/2018 12:30
Code(s): L4L
 
Wrap Text
Acquisition by Long4Life of Chill Holdings Proprietary Limited

LONG4LIFE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2016/216015/06)
Share code: L4L ISIN: ZAE000243119
(“Long4Life”)

ACQUISITION BY LONG4LIFE OF CHILL HOLDINGS PROPRIETARY LIMITED (“CHILL”)

Further to the full terms’ announcement in relation to the acquisition by Long4Life of the entire issued
share capital of Chill dated 28 November 2017, shareholders of Long4Life are advised that the final
purchase consideration amounts to R481m which was settled 75% in cash and 25% in Long4Life
ordinary shares.
The above is based on an actual EBITDA of R92 million, achieved by Chill for the year ended
30 June 2018.


Johannesburg
1 October 2018

Financial Advisor and Sponsor
The Standard Bank of South Africa Limited

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