NUTRITIONAL HOLDINGS LIMITED - Cancellation Of Acquisition And Resignation Of Director
NUT 201608080016A
Cancellation Of Acquisition And Resignation Of Director
NUTRITIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 2004/002282/06)
Share code: NUT ISIN: ZAE000156485
(“NUT” OR “THE COMPANY”)
CANCELLATION OF ACQUISITION AND RESIGNATION OF DIRECTOR
Shareholders are referred to SENS announcement released on the 25th April
2016 pertaining to the acquisition of Kairos Nutrition (Pty) Ltd (KAIROS) (“the
Acquisition”). The Acquisition was subject to certain suspensive conditions.
Shareholders are hereby advised that, due to the uncertainty of achieving targets
set as part of the suspensive conditions, management of both KAIROS and NUT
have mutually agreed not to proceed with the Acquisition.
RESIGNATION OF DIRECTOR
In terms of the Acquisition Mr Ian Murgatroyd was appointed as director of the
Company effective 25 April 2016. In terms of management’s decision not to
proceed with the Acquisition Mr Murgatroyd has resigned as a director of the
Company effective 8 August 2016.
Mr Murgatroyd will continue to serve as a consultant to the Company as part of
its target of penetrating the main stream FMCG market space.
8 August 2016
Umhlanga
Sponsor
PSG Capital Proprietary Limited
Date: 08/08/2016 09:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
