SUPER GROUP LIMITED - Completion of acquisition of Lieben and GLS
SPG 201907040054A
Completion of acquisition of Lieben and GLS
Super Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1943/016107/06)
Share code: SPG
ISIN: ZAE000161832
("Super Group")
COMPLETION OF ACQUISITION OF LIEBEN AND GLS
Further to the announcement released by Super Group on the
Stock Exchange News Service on Friday, 21 June 2019 notifying
shareholders that Super Group proposed to acquire 65% of
LiebenLogistics Proprietary Limited ("Lieben") and 51% of GLS
Supply Chain Equipment Proprietary Limited ("GLS")("the
Acquisitions") Super Group notes:
1. Change in certain values
Subsequent to the previous announcement the following values
have changed:
• The forward profit after tax price earnings multiple of
the Lieben subscription is 7.4 times, previously 8.1
times.
• The net asset value of the Lieben subscription will be a
minimum of R89 972 531, previously R98 752 531.
• The forecasted profit after taxation associated with the
above assets is R103,5 million, previously R94,7 million,
which is based on the profit warranties from the vendors.
The above forecast has not been reviewed or reported on by
Super Group's external auditors.
2. Conditions Precedent
Super Group today announces that all conditions precedent to
the Acquisitions have been fulfilled. Accordingly, the
Acquisitions were implemented on 3 July 2019
Sandton
4 July 2019
Sponsor
Investec Bank Limited
Date: 04/07/2019 04:14:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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