TAS - Taste Holdings Limited - Finalisation of the acquisition of the business
TAS
TAS
TAS - Taste Holdings Limited - Finalisation of the acquisition of the business
operated by the traditional Fish & Chips (Pty) Limited
TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/002239/06)
JSE code: TAS
ISIN: ZAE000081162
("Taste")
FINALISATION OF THE ACQUISITION OF THE BUSINESS OPERATED BY THE TRADITIONAL FISH
& CHIPS (PTY) LIMITED
Further to the announcements, dated 8 November 2011 and 8 December 2011, wherein
Taste advised that one of its wholly-owned subsidiaries, Buon Gusto Cuisine
(Pty) Limited ("Buon Gusto"), would purchase the business operated by The
Traditional Fish & Chips (Pty) Limited ("the business"), the Board of Taste has
pleasure in announcing that the acquisition detailed in those announcements is
now unconditional in all respects. As previously disclosed, it is anticipated
that the acquisition will be earnings-enhancing to Taste within the first year.
Buon Gusto will take delivery of the business on 1 February 2012 and it is
anticipated that the business will have approximately 215 outlets on this date,
exceeding the initial expectation of 195 outlets.
Johannesburg
18 January 2012
Sponsor
Vunani Corporate Finance
Date: 18/01/2012 16:50:11 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
