THE SPAR GROUP LIMITED - Voluntary announcement regarding an acquisition in Ireland by BWG Group
SPP 201501230025A
Voluntary announcement regarding an acquisition in Ireland by BWG Group
THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE Code: SPP
ISIN: ZAE000058517
(“SPAR” or “Company”)
VOLUNTARY ANNOUNCEMENT REGARDING AN ACQUISITION IN IRELAND BY BWG
GROUP
Shareholders of SPAR (“Shareholders”) are advised that BWG Group, the Company’s subsidiary
in Ireland, has entered into negotiations to acquire the trading business of ADM Londis (“Londis”)
for €23 million (“Proposed Acquisition”). Londis operates in the convenience, forecourt and
supermarket sector in Ireland through a range of 200 stores located throughout that country with
total annual sales of almost €200 million.
Completion of the Proposed Acquisition is subject to certain conditions, including Londis’
shareholder approval and other regulatory approvals.
The Proposed Acquisition falls below the threshold of the categorisation of transactions which
require disclosure in terms of the JSE Limited's Listings Requirements. Nevertheless, the board
of SPAR deemed it appropriate to inform Shareholders of the Proposed Acquisition.
Pinetown
23 January 2015
Sponsor
One Capital
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