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LIBERTY TWO DEGREES LIMITED - Announcement in Relation to Edcon

Release Date: 01/03/2019 16:48
Code(s): L2D     PDF:  
 
Wrap Text
Announcement in Relation to Edcon

LIBERTY TWO DEGREES LIMITED
(Registration number: 2018/388906/06)
JSE share code: L2D
ISIN: ZAE000260576
(“L2D” or “the Company”)

ANNOUNCEMENT IN RELATION TO EDCON

Shareholders of L2D are referred to the announcement released by Edcon Group (“Edcon”) today in relation to
its recapitalisation and restructuring programme.

L2D continues to support the recapitalisation process and notes that Edcon currently occupies 5.3% of L2D’s total
portfolio gross lettable area (GLA). This exposure is anticipated to reduce to 4.3% of total portfolio GLA by 31
December 2019 as part of a space rationalisation process as agreed with Edcon.

L2D’s position remains as disclosed in its recently published summarised group results for the year ended 31
December 2018 and a further update will be made once the suspensive conditions are met and agreements
finalised.


Johannesburg
1 March 2019

Sponsor:
The Standard Bank of South Africa Limited

Investor Relations
Gareth Rees
Contact number: 011 448 6804

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