JSE LIMITED - Voluntary announcement regarding the acquisition of a majority stake in Link SA
Voluntary announcement regarding the acquisition of a majority stake in Link SA
JSE LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 2005/022939/06
Share Code: JSE
ISIN Code: ZAE000079711
LEI: 213800MZ1VUQEBWRFO39
("JSE" or "the Group")
VOLUNTARY ANNOUNCEMENT REGARDING THE ACQUISITION OF A MAJORITY
STAKE IN LINK SA
Shareholders are referred to the voluntary announcement released on
the Stock Exchange News Service on 3 September 2020 regarding the
JSE’s acquisition of a 74.85% interest in Link Market Services South
Africa Proprietary Limited ("Link SA") from Link Market Services
Limited, a company incorporated in Australia (the "Transaction").
The JSE is pleased to announce that all conditions precedent to the
Transaction have been fulfilled. The consideration of R243.6m for
the 74.85% stake in Link SA has been settled from the Group’s cash
reserves (being the original agreed acquisition price of R224.5m and
net cash on hand held by Link SA).
Link SA’s Black Economic Empowerment partner retains its existing
25.15% interest in Link SA.
In due course, Link SA will be renamed JSE Investor Services
Proprietary Limited.
The information provided in this announcement has not been reviewed
or reported on by the Group’s external auditors.
Sandton
4 November 2020
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 04-11-2020 08:47:00
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