ADRENNA PROPERTY GROUP LIMITED - Proposed Delisting and Cautionary Announcement

Proposed Delisting and Cautionary Announcement

ADRENNA PROPERTY GROUP LIMITED
(Registration Number 1998/012245/06)
Share Code: ANA ISIN: ZAE000163580
(“Adrenna” or “the Company”)


PROPOSED DELISTING AND CAUTIONARY ANNOUNCEMENT


Shareholders are advised that the board of directors of Adrenna (“Board”) has been considering the
continued viability of the listing of Adrenna on the Main Board of the Johannesburg Stock Exchange
(“JSE”) and has resolved in principle to proceed towards seeking a possible delisting by means of a
share buyback implemented through a scheme of arrangement to minority shareholders (“Proposed
Delisting”).

This announcement does not constitute an offer or an undertaking to make an offer to shareholders
by any party, including Adrenna.

The Proposed Delisting, if proceeded with, will be subject to all relevant regulatory requirements and
approvals (including approvals required in terms of the Companies Act, No. 71 of 2008, the Companies
Regulations, 2011 and the JSE Listings Requirements) and may have a material effect on the price at
which the Company’s securities trade on the JSE. Shareholders are accordingly advised to exercise
caution when dealing in the Company’s securities until a further announcement is made.

Johannesburg
26 June 2019


Sponsor
Arbor Capital Sponsors Proprietary Limited

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