JD GROUP LIMITED - ACQUISITION BY JD GROUP OF AN EQUITY INTEREST IN CREDIT
RECOVERY MANAGEMENT COMPANY BLAKE AND ASSOCIATES HOLDINGS (PTY) LIMITED -
FULFILMENT OF CONDITIONS PRECEDENT
JD GROUP LIMITED
(Reg. No. 1981/009108/06)
JSE code: JDG
NSX code: JDL
ISIN: ZAE000030771
(`JD Group`)
Acquisition by JD Group of an equity interest in credit recovery management
company Blake and Associates Holdings (Proprietary) Limited (`Blake Holdings`) -
Fulfilment of Conditions Precedent
Shareholders are referred to the announcement dated 12 August 2004 when JD Group
and the shareholders of Blake Holdings announced that they had concluded a
transaction whereby JD Group would acquire one-half of Unifer Holdings Limited`s
(a wholly owned subsidiary of ABSA Bank Limited) stake in Blake Holdings subject
to the fulfilment of certain conditions precedent.
Shareholders are advised that all conditions precedent to the transaction have
now been fulfilled.
The transaction is not a `category` transaction in terms of Section 9 of the
Listings Requirements of the JSE Securities Exchange South Africa.
12 October 2004
Advisors to the transaction
ABSA Corporate & Merchant Bank
Corporate Finance
Attorneys to the transaction
Levy Feinsteins and Associates Incorporated
Lead Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Joint Sponsor
PSG Capital Limited
Enquiries:
JD Group Limited Tel: + 27 11 408 0213
Jan Bezuidenhout, Director Corporate Services
Blake Holdings Tel: + 27 31 538 4199
Howard Blake, Chairman Blake Holdings
College Hill Tel: + 27 11 447 3030
Nick Williams
Johannes van Niekerk
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