Tiger Brands - Shareholder update: Unbundling and seperate listing of The Spar
Group Limited
TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS ISIN: ZAE000023560
(`Tiger Brands` or `the company`)
Shareholder update: Unbundling and separate listing of The Spar Group Limited
(`Spar`)
On 13 May 2004 Tiger Brands announced that, as part of its ongoing focus on its
core activities, and in order to maximise shareholder value, it intended to
unbundle its investment in Spar to Tiger Brands shareholders, and to make an
application for the separate listing of Spar on the JSE Securities Exchange
South Africa. In addition to obtaining the approval of the relevant regulatory
authorities, as may be necessary, the unbundling will be subject to the approval
of Tiger Brands shareholders in general meeting.
Shareholders are advised that the proposed unbundling and subsequent listing of
Spar is anticipated to take place towards the end of October or early November
2004. Further details of the unbundling and the listing will be contained in
the relevant circular to Tiger Brands shareholders and Spar pre-listing
statement, which are expected to be published in late September or early October
2004.
Johannesburg
24 August 2004
Investment bank and transactional sponsor
Nedbank Capital
Corporate law advisers
Edward Nathan & Friedland
Lead sponsor
Cazenove
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