SPG - Super Group Limited - Termination of discuss
SPG
SPG
SPG - Super Group Limited - Termination of discussions and withdrawal of
cautionary - Disposal of property portfolio
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
ISIN number: ZAE000011334
Share code: SPG
("Super Group")
Termination of discussions and withdrawal of cautionary - Disposal of property
portfolio
Shareholders are referred to the announcement dated 28 March 2008, the
cautionary announcement dated 09 April 2008 and the joint announcement with SA
Reit Limited ("SA Reit") regarding the proposed sale and renewal Of cautionary
announcements dated 16 April 2008.
Shareholders are advised that Super Group have been informed by SA Reit that the
board of directors of SA Reit has not approved the proposed transaction referred
to in the announcements.
The reason given is as follows:
"Unfortunately, the current credit crisis in the market is putting
tremendous pressure on the property industry as a whole."
Prior to the proposed transaction with SA Reit being concluded, Super Group was
in discussions with a number of other interested parties for the sale of its
property portfolio. Super Group will continue to evaluate its options in respect
of its property portfolio and shareholders will be informed of further
developments in this regard.
Negotiations with SA Reit are terminated and the cautionary is hereby withdrawn.
Accordingly, caution is no longer required to be exercised by shareholders when
dealing in Super Group securities.
Sandton
Sponsor: Deutsche Securities (SA) (Proprietary) Limited
Date: 25/04/2008 15:02:00 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
