THE SPAR GROUP LIMITED - Acceptance of a binding offer in respect of the group’s interests in SPAR Poland and cautionary announcement
Acceptance of a binding offer in respect of the group’s interests in SPAR Poland and cautionary announcement
THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE and A2X share code: SPP
ISIN: ZAE000058517
("SPAR", the "Company" or the "Group")
ACCEPTANCE OF A BINDING OFFER IN RESPECT OF THE GROUP'S INTERESTS IN
SPAR POLAND AND CAUTIONARY ANNOUNCEMENT
Further to the previous announcements published by the Company on SENS in respect of the
board of director's decision to dispose of the Group's interests in SPAR Poland ("Disposal"),
SPAR shareholders ("Shareholders") are hereby advised that the Group has reached a
significant milestone in signing key salient terms with a third party in respect of the Disposal.
The interested party has expressed their commitment to continue operating the SPAR brand in
Poland.
The ongoing negotiations, if successfully concluded, may have a material effect on the price of
the Company's securities. Accordingly, Shareholders are advised to exercise caution when
dealing in the Company's securities until a further announcement in relation to the Disposal is
published.
Pinetown
12 June 2024
Sponsor
One Capital
Date: 12-06-2024 09:08:00
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