FBR - Famous Brands - Acquisition Of Coffee Contac
FBR
FBR
FBR - Famous Brands - Acquisition Of Coffee Contact (Pty) Limited
Famous Brands Limited
(Incorporated in the Republic of South Africa)
(Registration number 1969/004875/06)
Share code: FBR & ISIN code: ZAE000053328
("Famous Brands" or "the group")
VOLUNTARY ANNOUNCEMENT: ACQUISITION OF COFFEE CONTACT (PTY) LIMITED ("COFFEE
CONTACT")
On 4 December 2006 shareholders were advised that Famous Brands had acquired a
controlling interest in Coffee Contact (comprising 70% of the equity in Coffee
Contact), a private business which roasts and blends premium coffee beans
sourced globally for the restaurant and hospitality trade in Gauteng. Product
is marketed under the Cafe Maestro brand. The company also has the distribution
rights for Tonino Lamborghini Cafe in South Africa. The acquisition was subject
to the successful completion of a due diligence.
Famous Brands wishes to advise that:
* The group has reached agreement with the Coffee Contact shareholders
to acquire 100% of the equity in Coffee Contact.
* All conditions precedent have been successfully fulfilled and the deal
is effective from 1 December 2006.
* As previously advised, and notwithstanding the revised terms of the
acquisition, the acquisition price is not material, and will be
settled partly in cash and partly by the issue of 646 400 Famous
Brands shares, at the price of R12.50 per share, being the ruling
price on 01 December 2006 when the agreement was originally entered
into.
Midrand
8 March 2007
Sponsor
Java Capital (Proprietary) Limited
Date: 09/03/2007 15:12:00 Produced by the JSE SENS Department.
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