GRF 201810030022A
Correction announcement
Group Five Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/000032/06)
Share code: GRF ISIN: ZAE 000027405
("Group Five" or "the company" or "the group")
CORRECTION ANNOUNCEMENT
Shareholders are referred to Group Five’s audited group results for the year ended 30 June
2018 released on SENS on Tuesday, 2 October 2018 (the “Results Announcement”).
In this regard, shareholders are referred to an error in the “Commentary section” of the
Results Announcement under the heading “Non-current assets held for sale and
discontinued operations” which should have read that the group will be reducing its stake in
Intertoll Capital Partners B.V. from 50% to 10% and not 40% as stated in the Results
Announcement.
The paragraph should therefore have read as follows:
“Subsequent to 30 June 2018, the Board approved a partial disposal of the group’s
investment in service concessions assets in Eastern Europe, held through the group’s joint
venture investment with Aberdeen in Intertoll Capital Partners B.V. The group expects to
reduce its current 50% investment to 10%. This partial disposal relates to the investment in
service concessions assets only and not its operations and maintenance business. The
proceeds from this disposal will be utilised to settle the group’s short-term bridge funding.
The transaction is subject to shareholder approval. This will reduce the group’s current
liabilities significantly and will substantially improve its liquidity.”
3 October 2018
Sponsor
Nedbank Corporate and Investment Banking
Date: 03/10/2018 12:00:00 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
