CSG HOLDINGS LIMITED - Short Form Announcement: Category 1 Disposal

Short Form Announcement: Category 1 Disposal

CSG HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2006/011359/06)
Share code: CSG
ISIN: ZAE000184438
(“CSG” or “the Company”)


SHORT FORM ANNOUNCEMENT: CATEGORY 1 DISPOSAL REGARDING THE SALE OF THE ARMED RESPONSE 
MONITORING BUSINESS AND RESIDENTIAL GUARDING BUSINESS OF 7 ARROWS PROPRIETARY LIMITED, 
A WHOLLY-OWNED SUBSIDIARY OF CSG

1.     INTRODUCTION

       Shareholders are referred to the announcement released on SENS on Friday, 26 June
       2020 (“Full Announcement”), advising Shareholders that on 25 June 2020, the
       Company, through its wholly-owned subsidiary, 7 Arrows Security Proprietary Limited with
       registration number: 2015/208415/07 (“7 Arrows”), entered into an agreement
       (“Agreement”) with Fidelity ADT Monitoring Proprietary Limited, with registration
       number: 1996/017820/07 (“Purchaser”), in terms of which the Company will sell:

1.1.       a certain specified part of the armed response and monitoring business of 7 Arrows,
           which encompasses the provision of armed response and monitoring services to
           clients of 7 Arrows; and

1.2.       a certain specified part of the residential guarding business of 7 Arrows, which
           encompasses the provisions of residential guarding services to clients of 7 Arrows,

       to the Purchaser, for a disposal consideration of R65,850,000 (sixty-five million eighty
       hundred and fifty thousand Rand), which consideration is subject to adjustment as set out
       in the Full Announcement (“Disposal”).

2.     CIRCULAR

       A circular containing the full details of the Disposal, incorporating a notice convening the
       required general meeting of the shareholders of the Company, will be distributed to
       shareholders in due course, at which time the salient dates and times of the Disposal,
       including the date of the general meeting, will be announced on SENS.

3.     CONTINUATION OF CAUTIONARY ANNOUNCEMENT

       Shareholders are referred to the Full Announcement and the cautionary announcement
       released on SENS on 22 June 2020. Notwithstanding the publication of the Full
       Announcement and this announcement, given that the financial information applicable to
       the Disposal has not been included in the Full Announcement, shareholders are advised
       to continue to exercise caution when dealing in the Company’s securities until a further
       announcement regarding the financial information applicable to the Disposal has been
       made.

4.     NOTICE TO SHAREHOLDERS

       This short-form announcement contains only a summary of the information in the Full
       Announcement made on SENS and does not contain full or complete details. For
       additional information, including further information regarding the salient terms and
       mechanics of the Disposal, please refer to the Full Announcement, as released on SENS
       on Friday, 26 June 2020 and being available for viewing on the Company’s website at
       http://www.csgholdings.co.za.

       In addition, the Full Announcement is available for inspection and copies may be
       requested and obtained in person, at no charge, during normal business hours from
       Friday, 26 June 2020, from the registered office of the Company at 6 Topaz Avenue,
       Lyttelton Manor Ext 3, Centurion 0157 and from the offices of PSG Capital, the Sponsor,
       at 1st Floor, Ou Kollege, 35 Kerk Street, Stellenbosch, 7600 and 2nd Floor, Building 3,
       11 Alice Lane, Sandhurst, Sandton, 2196.

       Any investment decisions by investors and/or the Company’s shareholders should be
       based on consideration of the Full Announcement published on SENS and on the
       Company’s website, as a whole.

       This short-form announcement is the responsibility of the board of directors of the
       Company.

29 June 2020

Sponsor

PSG Capital

Date: 29-06-2020 08:30:00
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