JASCO ELECTRONICS HOLDINGS LIMITED - UPDATE ACQUISITION OF CROSS FIRE MANAGEMENT PROPRIETARY LIMITED
JSC 201706010054A
UPDATE – ACQUISITION OF CROSS FIRE MANAGEMENT PROPRIETARY LIMITED
JASCO ELECTRONICS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1987/003293/06)
Share Code: JSC ISIN: ZAE000003794
("Jasco" or “the Group”)
UPDATE – ACQUISITION OF CROSS FIRE MANAGEMENT PROPRIETARY LIMITED
1 INTRODUCTION
Shareholders are referred to the SENS announcement released on 22 March 2017 whereby Jasco
advised that it has entered into a sale of shares agreement (“Transaction Agreement”) with John Henry
Cross (“the Vendor”) and Cross Fire Management Proprietary Limited (“Cross Fire”). In terms of the
Transaction Agreement, Jasco will acquire 65.4% of Cross Fire for a maximum aggregate purchase
price of R52.3 million (“the Transaction”).
2 ADDENDUM TO TRANSACTION AGREEMENT
Shareholders are further advised that the Transaction Agreement has been amended by the extension
of the date at which all suspensive conditions must be met from 31 May 2017 to 31 July 2017.
Midrand
1 June 2017
Sponsor
Grindrod Bank Limited
Legal Advisor to Jasco
Etambo Equity (Proprietary) Limited
Corporate Advisor to Jasco
SamuelKennedy Investments (Proprietary) Limited
Date: 01/06/2017 04:22:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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