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').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Please Log in or Create an account to join the conversation.
Topic Author
