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TIGER BRANDS LIMITED - Update regarding the proposed sale of share in Oceana Group Limited

Release Date: 01/03/2019 14:05
Code(s): TBS     PDF:  
 
Wrap Text
Update regarding the proposed sale of share in Oceana Group Limited

TIGER BRANDS LIMITED
“Tiger Brands” or “the Company”
(Incorporated in the Republic of South Africa)
(Registration number 1994/017881/06)
Share code: TBS ISIN: ZAE000071080


UPDATE REGARDING THE PROPOSED SALE OF SHARES IN OCEANA GROUP LIMITED
(OCEANA) BY TIGER BRANDS

Further to the announcement released on SENS on 24 January 2019
regarding the proposed sale by Tiger Brands of 8,000,000 ordinary shares
in Oceana to Brimstone Investment Corporation (“the Transaction”),
shareholders are advised that the conditions precedent in relation to
the Transaction have been duly fulfilled by Brimstone. The Transaction
is expected to be completed on or before 20 March 2019.

Shareholders are also referred to the separate announcement made by
Brimstone today, relating to the above. A further announcement will be
made by the Company once the Transaction has been concluded.


Bryanston
1 March 2019


Sponsor:
J.P. Morgan Equities South Africa Proprietary Limited


Financial Advisor
Standard Chartered Bank


Legal Advisor
Edward Nathan Sonnenbergs

Date: 01/03/2019 02:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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