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NAMPAK LIMITED - Further cautionary announcement Glass Business

Release Date: 11/04/2019 15:30
Code(s): NPK     PDF:  
 
Wrap Text
Further cautionary announcement – Glass Business

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

FURTHER CAUTIONARY ANNOUNCEMENT – GLASS BUSINESS

Further to the cautionary announcement released by the Company on 28
February 2019, shareholders are advised that negotiations are still
in progress with the 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.

The parties are still fully committed to the conclusion of this
transaction, however taking into account the complexities of a
transaction of this nature, the process is taking longer than
anticipated.

The transaction, if concluded, will be subject to competition
authority approval and dependent upon the ultimate control structure
of the purchaser and its shareholders, may constitute an intermediate
or large merger.

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



Bryanston
11 April 2019
Sponsor: UBS South Africa (Pty) Ltd

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