PBT - PBT Group Limited - Update on the acquisition by PBT
PBT
PBT
PBT - PBT Group Limited - Update on the acquisition by PBT
PBT Group Limited
Incorporated in the Republic of South Africa
Registration number: 1936/008278/06
Share Code: PBT ISIN: ZAE000149712
("PBT" or "the Company")
UPDATE ON THE ACQUISITION BY PBT OF THE ENTIRE ISSUED SHARE CAPITAL OF PRESCIENT
HOLDINGS (PROPRIETARY) LIMITED, PRESCIENT CAPITAL (PROPRIETARY) LIMITED, STADIA
FUND MANAGEMENT LIMITED AND 75% OF GREENFIELD INSTITUTE OF BUSINESS
(PROPRIETARY) LIMITED ("PRESCIENT")
Shareholders are referred to the SENS announcement on 3 October 2011 and 31
October 2011 where it was announced that PBT has entered into an agreement to
acquire Prescient ("the transaction"). Shareholders are advised that Competition
Tribunal approval has been received. The following conditions precedent are
still outstanding:
* the granting of all regulatory approvals or clearances as may be required,
including that of the JSE Limited ("JSE"), the Financial Services Board,
the Takeover Regulation Panel and the Exchange Control division of the
South African Reserve Bank;
* obtaining the necessary shareholder approvals and board resolutions by PBT;
A circular relating to the transaction incorporating revised listing particulars
and a notice of general meeting and form of proxy will be posted to shareholders
in due course.
Cape Town
8 February 2012
Sponsor: Bridge Capital Advisors (Pty) Limited
Attorneys to PBT: Cliffe Dekker Hofmeyr Inc
Date: 08/02/2012 11:20:40 Produced by the JSE SENS Department.
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