Shoprite Holdings Limited - Acquires Computicket
Shoprite Holdings Limited
Share Code: SHP
Isins: ZAE000012084
Acquires Computicket
The Shoprite group and Media24 announced today, 1 November 2005, that the
Shoprite Group of companies has acquired the entire issued share capital of
Computicket (Pty) Ltd from Media24. The transaction was subject to the
approval of the Competition Commission and is now secured.
Computicket is the leading ticketing business operating in various outlets in
South Africa, providing ticketing services to promoters and agents in the
entertainment industry.
Commenting on the acquisition Brian Weyers, marketing manager of the Shoprite
group, says Shoprite"s existing ticketing business, managed from its Money
Market Counters, is well complimented with the Computicket business.
"The acquisition has the potential in future to utilize the store infrastructure
of the Shoprite and Checkers outlets to increase the ticketing distribution
outlets of Computicket from the current 90 to almost 500, which will ensure
increased convenience to the public to obtain their tickets for events.
"We are excited to offer this service now to a much broader base of consumers,
who previously were not within reach of Computicket to benefit from their
service. Our store-reach will certainly make it available to most South Africans
across a wider group of LSM"s.
"The Shoprite group is looking forward to build on the business and grow it to
include even more electronically advanced services to benefit our customers."
Ends
For further information: Brian Weyers @ 021-980 4253
Issued by Adele Gouws @ 011-465 5225 or 083 260 5002
On behalf of: The Shoprite Group
1 November 2005
Investment bank and sponsor
Nedbank Capital
Date: 01/11/2005 05:59:46 PM Produced by the JSE SENS Department
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