PHUMELELA GAMING & LEISURE LIMITED - Business Update

Business Update

Phumelela Gaming & Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/016610/06)
Share code: PHM ISIN: ZAE000039269
(“Phumelela” or “the Company”)


BUSINESS UPDATE


1.     In order to arrive at a business rescue plan which will be published on or before 31
       July 2020, the Business Rescue Practitioner, Mr John Evans, contracted FTI
       consulting (www.fticonsulting.com) to engage with interested parties with respect to
       their interest in acquiring some or all of the assets and businesses of the Phumelela
       Group.

2.     Shareholders will be kept abreast of further developments in this regard.



Johannesburg
02 July 2020

Sponsor: Investec Bank Limited

Date: 02-07-2020 04:19:00
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