OCEANA GROUP LIMITED - Voluntary announcement relating to the disposal of Lamberts Bay Foods Limited
OCE 201605260003A
Voluntary announcement relating to the disposal of Lamberts Bay Foods Limited
Oceana Group Limited
Incorporated in the Republic of South Africa
(Registration Number 1939/001730/06)
JSE Share Code: OCE
NSX Share Code: OCG
ISIN Number: ZAE000025284
("Oceana" or "the Group")
Voluntary announcement relating to the disposal of Lamberts Bay Foods Limited
1. Introduction
Shareholders are advised that Oceana has concluded an agreement with Famous Brands Limited
(“Famous Brands”) in relation to the disposal by Oceana of its entire shareholding in its wholly-
owned subsidiary, Lamberts Bay Foods Limited (“Lamberts Bay Foods”), to Famous Brands (“the
Transaction”).
2. Categorisation and suspensive conditions
The purchase consideration falls below the threshold of a categorised transaction in terms of the
Listings Requirements of the JSE Limited. The board of directors of Oceana however deemed it
appropriate to notify shareholders of the Transaction.
The Transaction is subject to Competition Commission approval, whereafter all suspensive
conditions will have been fulfilled.
Cape Town
26 May 2016
JSE Sponsor
The Standard Bank of South Africa Limited
NSX Sponsor
Old Mutual Investment Services (Namibia) Proprietary Limited
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