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NUTRITIONAL HOLDINGS LIMITED - Change of Control, Offer to Minority Shareholders and Cautionary Announcement

Release Date: 31/10/2019 16:10
Code(s): NUT     PDF:  
Wrap Text
Change of Control, Offer to Minority Shareholders and Cautionary Announcement

Nutritional Holdings Limited
(Registration number: 2004/002282/06)
(Incorporated in the Republic of South Africa)
(Share Code: NUT ISIN Code: ZAE000156485)
(“Nutritional Holdings” or “the Company”)

Empire Cannabis Holdings Limited
(Registration number: 2019/364151/06)
(Incorporated in the Republic of South Africa)
(“Empire”)

CHANGE OF CONTROL, OFFER TO MINORITY SHAREHOLDERS AND CAUTIONARY
ANNOUNCEMENT

Shareholders are referred to the disclosure of acquisition of securities announcement dated
28 October 2019.

Shareholders are advised that Empire has acquired 9 200 000 000 shares in the Company,
representing 66.94% of the Company’s issued ordinary share capital from Baphalane Ba
Mantserre Investment Holdings Proprietary Limited at price of 0.11 cents per share (“the
Acquisition”). The Acquisition is more than 35% of the issued share capital of the Company
and is therefore an affected transaction in terms of section 117 of the Companies Act, Act 71
of 2008 (“the Companies Act”). This gives rise to a mandatory offer by Empire to all other
shareholders of the Company in terms of section 123 of the Companies Act.
Shareholders are advised to exercise caution when dealing in the Company’s securities until
a more detailed announcement is made.

The board of directors of Empire, individually and collectively accepts full responsibility for
the accuracy of the information contained in this announcement. In addition, the board of
directors of Empire certifies that to the best of its knowledge and belief, the information
contained in this announcement solely pertaining to Empire is true and, where appropriate,
does not omit anything that is likely to affect the importance of the information contained
herein, and that all reasonable enquiries to ascertain such information have been made.

Durban
31 October 2019

Corporate Advisor to Empire
Exchange Sponsors

Designated Adviser to the Company
PSG Capital

Date: 31/10/2019 04:10:00
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