PEMBURY LIFESTYLE GROUP LIMITED - Voluntary announcement regarding the opening of PLG Summercrest Academy
PEM 201709120038A
Voluntary announcement regarding the opening of PLG Summercrest Academy
PEMBURY LIFESTYLE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2013/205899/06)
(“PL Group” or “the Company”)
ISIN Code: ZAE000222949 JSE Code: PEM
VOLUNTARY ANNOUNCEMENT REGARDING THE OPENING OF PLG SUMMERCREST ACADEMY
The board of directors of PLG is pleased to announce that PLG Summercrest Academy will be
the fifth campus to be opened in January 2018 in Germiston following the securing of another
property by PL Group with effect from 1 September 2017.
This acquisition exceeds PLG’s planned campus rollout of 3 campuses (9 schools), as detailed in
the Company’s prospectus, by 2 campuses. This is in addition to PLG’s existing 7 campuses (19
schools) which are already operating, and thus brings 12 campuses under the PLG Schools
banner from January 2018.
This acquisition will further enhance PLG Group’s exposure to the eastern part of Gauteng. The
school has capacity for 700 students.
Andrew Mclachlan said “PLG Group is on the move and will continue to seek opportunities to
grow the PLG Schools brand.”
BY ORDER OF THE BOARD
Johannesburg
12 September 2017
Designated Advisor
Arbor Capital Sponsors
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