PPC LIMITED - Withdrawal of Cautionary Announcement
PPC 201503270020A
Withdrawal of Cautionary Announcement
PPC Ltd
(Incorporated in the Republic of South Africa)
(Company registration number: 1892/000667/06)
JSE Code: PPC
ISIN: ZAE000170049
("PPC" or the "Company")
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders of PPC are referred to the cautionary announcements published on the
Stock Exchange News Service (“SENS”) on 10 December 2014, 27 January 2015 and 10
March 2015 regarding the non-binding proposal from AfriSam Group (Pty) Ltd
(“AfriSam”) to the Board of Directors of PPC (the “Board”) proposing, inter alia, a
merger between AfriSam and the Company (the “indicative proposal”).
Shareholders are hereby advised that the Board has considered the proposed merger
and its merits, and has decided not to proceed. The Board has therefore terminated
its engagement with AfriSam.
Accordingly, shareholders are no longer required to exercise caution when dealing
in securities of the Company.
The Board remains committed to its strategy of enhancing the Company’s position in
Southern Africa and expanding its footprint into other African countries.
Sandton
27 March 2015
Financial Advisor and Sponsor to PPC
Merrill Lynch South Africa (Pty) Ltd
Legal Advisors to PPC
Bowman Gilfillan
PPC:
Azola Lowan
Tel: +27 (0) 11 386 9000
Azola.Lowan@ppc.co.za
Financial Communications Advisor:
Instinctif Partners
Morne Reinders
Mobile: +27 (82) 480 4541
Morne.reinders@instinctif.com
Louise Fortuin
Mobile: +27 (71) 605 4294
Louise.fortuin@instinctif.com
Financial Advisor to AfriSam
Rand Merchant Bank (a division of FirstRand Bank Limited)
Legal Advisors to AfriSam
Werksmans
Financial Communications Advisor:
Brunswick
Itumeleng Mahabane
Mobile: +27 (83) 284 6774
Imahabane@brunswick.co.za
Date: 27/03/2015 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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