TBS
TIIH
Tiger Brands - Acquisition Of Entire Shareholding Of Designer Group Holdings
Limited
TIGER BRANDS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1944/017881/06)
Share code: TBS
ISIN code: ZAE000071080
ACQUISITION OF ENTIRE SHAREHOLDING OF DESIGNER GROUP HOLDINGS LIMITED
Tiger Brands Limited is pleased to advise that an agreement has been concluded
in terms of which Tiger Brands will acquire the entire issued share capital of
Designer Group Holdings Limited.
Designer Group Holdings Limited, which has an annual turnover of approximately
R260 million, is involved in the manufacture, marketing and distribution of
personal care products in South Africa. The acquisition, which is subject to
the appropriate approval in terms of the Competition Act, will provide Tiger
Brands with an enhanced presence in the personal care market.
Designer Group Holdings Limited is involved primarily in the hair care, body
care and deodorants categories with brands such as Protein Feed, Designer Notes,
Perfect Touch and Skin Clinic.
Agreements have been reached with senior management for them to be retained and
the business will be conducted as a stand alone entity within Tiger Brands.
Whilst the acquisition is regarded as being of strategic importance to Tiger
Brands, it will not have a material effect on the net asset value per share or
headline earnings per share of Tiger Brands in the forthcoming financial year.
Bryanston
Date: 8 September 2006
Sponsor: J.P.Morgan Equities Limited
Date: 08/09/2006 03:27:06 PM Produced by the JSE SENS Department
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