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Update regarding the disposal of the group’s interests in SPAR Poland
THE SPAR GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1967/001572/06)
JSE and A2X share code: SPP
ISIN: ZAE000058517
("SPAR", the "Company" or the "Group")
UPDATE REGARDING THE DISPOSAL OF THE GROUP'S INTERESTS IN SPAR POLAND
SPAR shareholders ("Shareholders") are referred to the announcement published on SENS earlier
today, 4 September 2024 ("Announcement") wherein Shareholders were advised that the Company
has entered into a sale and purchase agreement with Przedsiebiorstwo Produkcyjno Handlowo
Uslugowe Specjal Spólka z o.o. in terms of which SPAR will dispose of its entire shareholding in
New Polish Investments Spólka z o.o. ("SPAR Poland"), ("Disposal").
To provide clarity on the net financial impact of the Disposal and the funding thereof (as further detailed
in paragraph 4 of the Announcement), Shareholders are further advised that:
The net impact of PLN 546 million (R2 532 million) will be funded by SPAR bringing the Polish debt of
PLN424 million (R1 966 million) back to South Africa which will be sourced from South African lenders
and the remaining PLN122 million (R566 million) being sourced and funded from Group subsidiary
companies into the Polish business.
Pinetown
4 September 2024
Sponsor
One Capital
Date: 04-09-2024 05:50:00
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