FAMOUS BRANDS LIMITED - Further cautionary announcement
Further cautionary announcement
FAMOUS BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1969/004875/06)
Share code: FBR
ISIN code: ZAE000053328
(“Famous Brands” or “the Group” or “the Company”)
Renewal of Cautionary Announcement
Shareholders are referred to the Renewal of Cautionary Announcement
(“Announcement”) published on SENS on 20 May 2020 relating to the
Board of Directors’ (“Board”) decision not to provide any further
financial assistance to GBK Restaurants Limited (“GBK”).
Shareholders were furthermore cautioned that the Board’s decision to
withhold further financial support for GBK may result in an impairment
of the full value of Famous Brands’ investment in GBK, the precise
valuation of which impairment would be determined in due course.
As deliberations in respect of this matter are still in progress,
shareholders are advised to continue exercising caution when dealing
in the Company’s securities until a further announcement is made in
this regard.
The financial information on which this announcement is based has not
been reviewed or reported on by the Group’s external auditors.
Midrand
1 July 2020
Sponsor
The Standard Bank of South Africa Limited
Date: 01-07-2020 09:08:00
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