TBS - Tiger Brands - Fulfilment of conditions precedent and The
TBS
TIIH
TBS - Tiger Brands - Fulfilment of conditions precedent and The
Implementation Of The Disposal Of 73.16% Of Sea Harvest Corporation Limited
By Tiger Brands
Tiger Brands Limited
(Incorporated in the Republic of South Africa)
Registration number 1944/017881/06
Share code: TBS
ISIN: ZAE000071080
("Tiger Brands")
FULFILMENT OF CONDITIONS PRECEDENT AND THE IMPLEMENTATION OF THE DISPOSAL OF
73.16% OF SEA HARVEST CORPORATION LIMITED ("SEA HARVEST") BY TIGER BRANDS
Further to previous announcements relating to the proposed disposal of
73.16% of Sea Harvest by Tiger Brands to a consortium led by Brimstone
Investment Corporation Limited ("the Disposal"), the latest announcement
being 13 May 2009, shareholders of Tiger Brands are advised that all
outstanding conditions relating to the Disposal have been met and the
Disposal was implemented on 28 May 2009.
The purchase consideration of R578.1 million, which was settled in cash, was
received by Tiger Brands on 28 May 2009.
Bryanston
28 May 2009
Financial adviser
Deutsche Securities (SA) (Proprietary) Limited
Legal advisers
Edward Nathan Sonnenbergs
Sponsor
JP Morgan Equities Limited
Date: 28/05/2009 15:42:02 Produced by the JSE SENS Department.
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