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MR PRICE GROUP LIMITED - Update on referral by the NCR to the NCT for alleged breach of National Credit Act

Release Date: 03/06/2019 15:00
Code(s): MRP     PDF:  
 
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Update on referral by the NCR to the NCT for alleged breach of National Credit Act

Mr Price Group Limited
Registration number 1933/004418/06
Incorporated in the Republic of South Africa
ISIN: ZAE000200457
JSE share code: MRP
("Group")

UPDATE ON REFERRAL BY THE NATIONAL CREDIT REGULATOR TO THE NATIONAL CONSUMER
TRIBUNAL FOR ALLEGED BREACH OF NATIONAL CREDIT ACT

On 1 June 2017 the Group advised shareholders that the Group was opposing the referral by the National
Credit Regulator (NCR) to the National Consumer Tribunal (NCT) for an alleged breach of the National
Credit Act. The alleged breach is in relation to the club product fee charged by the Group's Miladys trading
division.

The Group received notification on 31 May 2019 that the NCR no longer wished to pursue the matter further
and has withdrawn its referral to the NCT.

Durban
3 June 2019

Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)

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