SPG - Super Group - Update on the Proposed Disposal by Super Group of Autozone
SPG
SPG
SPG - Super Group - Update on the Proposed Disposal by Super Group of Autozone
and Further Cautionary Announcement
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000011334
("Super Group")
UPDATE ON THE PROPOSED DISPOSAL BY SUPER GROUP OF AUTOZONE AND FURTHER
CAUTIONARY ANNOUNCEMENT
Further to the announcement released on 28 May 2009 notifying shareholders of
the potential disposal of AutoZone and the further cautionary announcement
released on 10 July 2009, shareholders are advised that agreement has been
reached in principle between Super Group and a consortium of investors led by
RMB Corvest, a member of the FirstRand Group, to dispose of the entire issued
share capital of Partcorp Holdings Limited ("AutoZone") ("the Proposed
Disposal"). Final agreement is subject, inter alia, to completion of limited
due diligence, the approval of the Proposed Disposal by Super Group shareholders
in general meeting and conclusion of mutually satisfactory sale documentation
Should a final agreement between the parties be reached, a further detailed
announcement will be released on SENS and published in the press informing
shareholders of the detailed terms as well as the salient dates and processes to
be followed in implementing the Proposed Disposal.
Shareholders are therefore advised to continue exercising caution when dealing
in Super Group shares until a detailed announcement relating to the Proposed
Disposal is made.
Sandton
30 July 2009
Financial advisor and Sponsor to Super Group
Deutsche Securities (SA) (Proprietary) Limited
Date: 30/07/2009 10:26:01 Produced by the JSE SENS Department.
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