SABVEST LIMITED - Changed arrangements with Charles Pettit
SBV SVN 201708110025A
Changed arrangements with Charles Pettit
SABVEST LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1987/003753/06
ISIN: ZAE000006417 SBV Ordinary shares
ISIN: ZAE000012043 SVN N Ordinary shares
(“Sabvest”)
CHANGED ARRANGEMENTS WITH CHARLES PETTIT
The Board advised shareholders on 19 June 2017 that Mr Charles Pettit would join Sabvest as an executive
director on 1 September 2017 and that Sabvest and Mr Pettit would also form a JV investment company.
Sabvest and Mr Pettit have mutually agreed that it is not opportune to proceed with these arrangements at the
present time primarily due to legacy investment holdings and corporate finance mandates held by Mr Pettit and
his associates which might cause conflicts of interest in the short term.
Sabvest and Mr Pettit will continue to work together on existing investments in which both have interests and
consider future investment and corporate finance opportunities together if appropriate.
Sandton
11 August 2017
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
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