PHUMELELA GAMING & LEISURE LIMITED - Acquisition by Phumelela of a 50% interest in Supabets
PHM 201609160029A
Acquisition by Phumelela of a 50% interest in Supabets
Phumelela Gaming & Leisure Limited
(Registration number 1997/016610/06)
(Incorporated in the Republic of South Africa)
Share Code: PHM ISIN: ZAE000039269
(“Phumelela” or the “Company”)
ACQUISITION BY PHUMELELA OF A 50% INTEREST IN SUPABETS
Phumelela shareholders (“Shareholders”) are referred to paragraph 4.1 of the circular posted on 19 August
2016 relating to the acquisition by Phumelela of a 50% interest in Supabets SA Holdings Proprietary Limited
(“Supabets”) from the Anastassopoulos family (“AF”) wherein it was advised that once the sustainable net
profit after tax (“Sustainable NPAT”) achieved for the 12 month period from 1 March 2015 to 29 February
2016 had been agreed between Phumelela, KPMG and the AF and the resultant purchase consideration
calculated, this would be communicated to Shareholders. Phumelela can confirm that the Sustainable
NPAT has been agreed and is in the amount of R94.5 million. The resultant purchase consideration payable
by Phumelela for the 50% interest in Supabets is R437 million.
Johannesburg
16 September 2016
Financial Advisor and Sponsor
Investec Bank Limited
Legal advisor
Roodt Inc.
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