Phumelela aquiring 50 0/0 interest in Supabets

  • Len Sham
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Phumelela aquiring 50 0/0 interest in Supabets

8 years 8 months ago
#633472
Notice to shareholders Acquisition by Phumelela of 50 0/0 interest in Supabets..

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  • Bob Brogan
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Re: Phumelela aquiring 50 0/0 interest in Supabets

8 years 8 months ago
#633475
What does that mean ?

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  • naresh
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Re: Phumelela aquiring 50 0/0 interest in Supabets

8 years 8 months ago
#633477
Bob Brogan wrote: What does that mean ?

They acquired shares quite awhile back. They are huge in taking walk in bets for soccer and lotto. Like trying to take a tote bet on July Day at the racecourse.

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  • Len Sham
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Re: Phumelela aquiring 50 0/0 interest in Supabets

8 years 8 months ago
#633479
Go on to sharenet and see the JSE news announcement today..

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  • Bob Brogan
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Re: Phumelela aquiring 50 0/0 interest in Supabets

8 years 8 months ago
#633480
Ja but I thought they took over a year or so ago ?

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  • Bob Brogan
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Re: Phumelela aquiring 50 0/0 interest in Supabets

8 years 8 months ago
#633481
Acquisition by Phumelela of a 50% interest in Supabets

Phumelela Gaming & Leisure Limited
(Registration number 1997/016610/06)
(Incorporated in the Republic of South Africa)
Share Code: PHM ISIN: ZAE000039269
(“Phumelela” or the “Company”)


ACQUISITION BY PHUMELELA OF A 50% INTEREST IN SUPABETS

Phumelela shareholders (“Shareholders”) are referred to paragraph 4.1 of the circular posted on 19 August
2016 relating to the acquisition by Phumelela of a 50% interest in Supabets SA Holdings Proprietary Limited
(“Supabets”) from the Anastassopoulos family (“AF”) wherein it was advised that once the sustainable net
profit after tax (“Sustainable NPAT”) achieved for the 12 month period from 1 March 2015 to 29 February
2016 had been agreed between Phumelela, KPMG and the AF and the resultant purchase consideration
calculated, this would be communicated to Shareholders. Phumelela can confirm that the Sustainable
NPAT has been agreed and is in the amount of R94.5 million. The resultant purchase consideration payable
by Phumelela for the 50% interest in Supabets is R437 million.


Johannesburg
16 September 2016

Financial Advisor and Sponsor
Investec Bank Limited

Legal advisor
Roodt Inc.

Date: 16/09/2016 01:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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