Jse: Eco
Release Date: 25/03/2004 12:08:20 Code(s): ECO
Edgars Consolidated Stores Limited - Acquisition Of Boardmans
Edgars Consolidated Stores Limited
(Reg. No. 1946/022751/06)
(Incorporated in the Republic of South Africa)
Share Code : ECO
ISIN Code : ZAE000018388
ACQUISITION OF BOARDMANS
In a SENS announcement on 12 December 2003, Edcon advised that it had offered to
purchase Boardmans, as a going concern from Pick `n Pay Retailers (Proprietary)
Limited, subject to certain conditions precedent, including the approval of the
Competition Authorities.
On 24 March 2004 the Competition Tribunal granted final unconditional approval
of Edcon"s acquisition of Boardmans. Accordingly, as all conditions precedent
have now been fulfilled, Boardmans will become a division of Edcon with effect
from 1 April 2004.
By order of the board
E A Bagley
Group Secretary
23 March 2004
Registered Office
Edgardale
Press Avenue
Crown Mines
Johannesburg
2025
Financial advisor and sponsor to Edcon
Cazenove
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