GREENBAY PROPERTIES LIMITED - Offer by Greenbay (Firm Offer) to Group Five Limited (Group 5) to purchase its European assets and businesses
GRP 201710230019A
Offer by Greenbay (“Firm Offer”) to Group Five Limited (“Group 5”) to purchase its European assets and businesses
GREENBAY PROPERTIES LTD
(Incorporated in the Republic of Mauritius on 14 August 2014)
(Registration number: C124756 C1/GBL)
SEM share code: GFP.N0000
JSE share code: GRP
ISIN: MU0461N00007
(“Greenbay” or “the Company”)
OFFER BY GREENBAY (“FIRM OFFER”) TO GROUP FIVE LIMITED (“GROUP 5”) TO PURCHASE ITS EUROPEAN ASSETS AND BUSINESSES
(“TARGET ASSETS”)
Greenbay shareholders are referred to the Company’s announcement released on the Stock Exchange News Service
(“SENS”) of the JSE Limited (“JSE”) and the website of the Stock Exchange of Mauritius Ltd (“SEM”) on 16 October 2017
and the announcements released by Group 5 on SENS on 16 and 20 October 2017.
Greenbay confirms that, in light of Group 5’s preliminary observation that Greenbay’s offer price substantially
undervalues the Target Assets, Greenbay has not extended its deadline for acceptance of the firm offer, which has lapsed.
By order of the board
23 October 2017
This notice is issued pursuant to JSE Listings Requirements, SEM Listing Rule 11.3 and Rule 5(1) of the Securities
(Disclosure Obligations of Reporting Issuers) Rules 2007. The board of directors of Greenbay accepts full responsibility
for the accuracy of the information in this announcement.
The Company has primary listings on both the Official Market of the SEM and the Main Board of the JSE.
JSE sponsor
Java Capital
Tel: +27 11 722 3052
SEM authorised representative and sponsor
Perigeum Capital
Tel: +230 402 0890
Company secretary
Intercontinental Trust Ltd
Tel: +230 403 0800
Date: 23/10/2017 11:34:00 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.
