| Thu 12 Apr 2012, 8:52 | | KDV - Kaydav Group Limited - Financial effects rel |
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KDV
KDV
KDV - Kaydav Group Limited - Financial effects relating to the acquisition of a
property letting enterprise and withdrawal of cautionary
KAYDAV GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/038698/06)
JSE code: KDV & ISIN:ZAE000108940
("KayDav")
FINANCIAL EFFECTS RELATING TO THE ACQUISITION OF A PROPERTY LETTING ENTERPRISE
AND WITHDRAWAL OF CAUTIONARY
INTRODUCTION
Shareholders are referred to the announcement released on SENS on 23 March 2012
in which it was announced that Kaydav`s wholly owned subsidiary, Sign and Seal
Trading 154 (Pty) Ltd ("Sign and Seal"), had concluded an agreement for the
acquisition of a property letting enterprise and related immovable property
which houses the KayDav head office and Ottery warehouse, situated at the
remainder of Erf 1301, Ottery, Cape Town, Cape Division, also known as Hi Tech
Park, Bamboesvlei Road, Ottery, Cape Town (the "acquisition") from I Foster
Properties CC.
The purpose of this announcement is to present the financial effects of the
acquisition.
UNAUDITED PRO FORMA FINANCIAL EFFECTS OF THE ACQUISITION
The effect of the acquisition on KayDav`s net asset value per share, net
tangible asset value per share, earnings per share and headline earnings per
share is not significant and therefore has not been disclosed.
WITHDRAWAL OF CAUTIONARY
Kaydav shareholders are referred to the cautionary announcement dated 23 March
2012 and are advised that following the release of the financial effects of the
acquisition, caution is no longer required to be exercised by shareholders when
dealing in their shares.
12 April 2012
Sponsor
Java Capital
Date: 12/04/2012 08:40:50 Produced by the JSE SENS Department.
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