SSK - Stefanutti Stocks Holdings Limited - Update on the acquisition by
SSK
SSK
SSK - Stefanutti Stocks Holdings Limited - Update on the acquisition by
Stefanutti Stocks Holdings Limited of Cycad Pipelines (Pty) Limited
Stefanutti Stocks Holdings Limited
(Registration number 1996/003767/06)
Share code: SSK ISIN: ZAE000123766
("Stefanutti Stocks" or "the Company")
UPDATE ON THE ACQUISITION BY STEFANUTTI STOCKS HOLDINGS LIMITED ("STEFANUTTI
STOCKS") OF CYCAD PIPELINES (PROPRIETARY) LIMITED ("CYCAD PIPELINES")
Shareholders are referred to the announcement and Reviewed Condensed
Consolidated Interim Results for the six months ended 31 August 2011 published
on SENS on 20 June and 15 November 2011 respectively, regarding its wholly owned
subsidiary Stefanutti Stocks Proprietary Limited, entering into an agreement to
acquire the entire issued share capital of Cycad Pipelines and its related
property holding companies.
Shareholders are advised that Competition Tribunal approval has been received
and all the conditions precedent have been met save for the conclusion and
implementation of agreements required to give effect to the pre-acquisition
restructuring of the Cycad group of companies.
Further announcements will be made once the transaction becomes unconditional.
Johannesburg
15 December 2011
Sponsor and Corporate Advisor: Bridge Capital Advisors (Pty) Limited
Date: 15/12/2011 16:45:01 Produced by the JSE SENS Department.
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