CHP : Announcement:
CHOPPIES ENTERPRISES LIMITED
Incorporated in the Republic of Botswana under Company Number 2004/1681
("the Company" or "the group")
BSE Share Code: CHOPPIES
JSE Share Code: CHP
ISIN Number: BW0000001072
ANNOUNCEMENT
The Board of the Company advises shareholders that on Friday 22 November 2019, negotiations with
a purchaser of the shares in the South African Operations, comprising Choppies Supermarkets S A
Proprietary Limited, Choppies Logistics Proprietary Limited, Choppies Warehousing S A Proprietary
Limited and Motopi Holdings SA Proprietary Limited were concluded, resulting in agreements being
signed by the Company, Choppies Supermarkets S A Proprietary Limited and Kind Investments
Proprietary Limited ("the Transaction").
The Transaction is subject for its force and effect to the fulfilment of certain conditions, including
regulatory approval, i.e. approval of the Competition Authority of South Africa.
A detailed announcement complying with Rule 6.9 of the BSEL Listing Requirements will follow in due
course.
The Company's primary listing is on the BSEL and its secondary listing is on the JSE. The listings on
both exchanges are suspended.
By order of the Board
26 November 2019
BSEL Sponsoring Broker
African Alliance Botswana Limited
JSE Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26-11-2019 12:45:00
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