JDG - JD Group Limited - Increased shareholdings - Blake and Associates Holdings
JDG
JDG
JDG - JD Group Limited - Increased shareholdings - Blake and Associates Holdings
(Proprietary) Limited ("Blake") and Maravedi Group (Proprietary) Limited
("Maravedi")
JD Group Limited
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
ISIN: ZAE000030771
JSE code: JDG
(the "Group")
INCREASED SHAREHOLDINGS - BLAKE AND ASSOCIATES HOLDINGS (PROPRIETARY) LIMITED
("BLAKE") AND MARAVEDI GROUP (PROPRIETARY) LIMITED ("MARAVEDI")
The Group wishes to announce that it has purchased the shareholdings of:-
Unifer Holdings Limited in Blake increasing its holding from 27,5% to 55% -
the founding members of Blake will remain shareholders in the company and
continue to be involved in its operations on an ongoing basis; and
ABSA Group Limited in Maravedi increasing its holding from 42,7% to 90,5%.
Thebe Investment Corporation (Proprietary) Limited will remain a 9,5%
shareholder in Maravedi.
Both transactions are subject to a number of suspensive conditions including
Competition Commission approval.
The content of this announcement is for shareholders` information only. The
transactions are neither a Category 1 nor a Category 2 transaction as defined in
terms of the Listings Requirements of the JSE, when considered on an individual
or combined basis.
Johannesburg
17 September 2008
Sponsor
PSG Capital (Pty) Ltd
Date: 17/09/2008 15:30:02 Produced by the JSE SENS Department.
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