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REMGRO LIMITED - Renewal of cautionary announcement

Release Date: 18/02/2020 07:06
Code(s): REM     PDF:  
Wrap Text
Renewal of cautionary announcement

Remgro Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/006415/06)
ISIN: ZAE000026480
Share code: REM
(“Remgro” or “the Company”)

RENEWAL OF CAUTIONARY ANNOUNCEMENT

Shareholders are referred to the announcements released on the Stock Exchange News
Service on 19 November 2019 and on 7 January 2020 relating, inter alia, to the proposed
distribution by RMB Holdings Limited ("RMH") of its FirstRand Limited (“FirstRand”) shares to
RMH shareholders (“RMH Distribution”) and the corresponding proposed distribution by
Remgro, in full or in part, of Remgro’s exposure to RMH and FirstRand, to Remgro
shareholders (“Remgro Distribution”).

Shareholders are advised that the optimal mechanism and steps required to give effect to
each of the RMH Distribution and the Remgro Distribution remain under evaluation and
consideration by the boards of directors of RMH and Remgro.

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

Sandton
18 February 2020

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

Date: 18-02-2020 07:06:00
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