PIK / PWK - Pick n Pay Stores / Pick n Pay Holdings - Results of the arbitration
PWK PIK
PWK PIK
PIK / PWK - Pick n Pay Stores / Pick n Pay Holdings - Results of the arbitration
hearing between the company the SACCAWU
Pick n Pay Stores Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1968/008034/06)
Share code: PIK
ISIN: ZAE000005443
("the Company")
Pick n Pay Holdings Ltd
(Incorporated in the Republic of South Africa)
(Registration number 1981/009610/06)
Share code: PWK
ISIN: ZAE000005724
RESULTS OF THE ARBITRATION HEARING BETWEEN THE COMPANY THE SACCAWU
Shareholders are advised that on 19 April 2011 the Company received the results
of its arbitration hearing on its right to terminate a labour flexibility and
mobility agreement with the SACCAWU union.
The Arbitrator resolved that the Company did have the right to terminate the
agreement and that the notice period of such termination was not unreasonable.
The Company is in the process of analysing the judgement.
Cape Town
20 April 2011
Sponsor
Investec Bank Limited
Date: 20/04/2011 16:44:16 Produced by the JSE SENS Department.
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