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NAMPAK LIMITED - Cautionary announcement

Release Date: 28/02/2019 11:00
Code(s): NPK     PDF:  
 
Wrap Text
Cautionary announcement

Nampak Limited
(Incorporated in the Republic of South Africa)
Registration Number: 1968/008070/06
Share Code: NPK
ISIN: ZAE 000071676
(“Nampak” or “the Company”)


CAUTIONARY ANNOUNCEMENT

Shareholders are advised that Nampak, since December 2018, has been in
exclusive negotiations with a preferred bidder in respect of the
potential disposal of the Nampak Glass business, which, if successfully
concluded, may have a material effect on the price of the Company’s
securities.

Following the decision of Nampak to dispose of the Glass business,
Nampak initiated a competitive disposal process, which has now resulted
in Nampak entering into an exclusivity arrangement with the preferred
bidder.

The preferred bidder is a black South African owned company and is
supported by a large international corporation with significant glass
expertise. The process is on track with a view to concluding a sale and
purchase agreement by April 2019.

The transaction, if concluded, will be subject to conditions precedent
that is customary for a transaction of this nature.

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


Bryanston
28 February 2019
Sponsor: UBS South Africa (Pty) Ltd

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