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SANTOVA LIMITED - COMPLETION OF ACQUISITION OF SAI LOGISTICS LIMITED (UNITED KINGDOM)

Release Date: 02/11/2018 15:32
Code(s): SNV     PDF:  
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COMPLETION OF ACQUISITION OF SAI LOGISTICS LIMITED (UNITED KINGDOM)

SANTOVA LIMITED
(“Santova” or “the Company”)
Registration Number: 1998/018118/06
Share code: SNV
ISIN: ZAE000159711

COMPLETION OF ACQUISITION OF SAI LOGISTICS LIMITED (UNITED KINGDOM)

Further to the SENS announcement on 19 October 2018, shareholders are advised that all of
the conditions precedent have been satisfied and that the acquisition of SAI Logistics Limited
has therefore been completed.

As part of the completion process the Effective Date Accounts as at 30 September 2018 have
now been finalised and the final value of the net assets and profits attributable to the net assets
being acquired, as extracted from the unaudited Effective Date Management Accounts
prepared in accordance with FRS 102 ‘The Financial Reporting Standard applicable in the UK
and Republic of Ireland’, are detailed below.

The Net Asset Value being acquired as at 30 September 2018 is GBP 537,233 with profits
attributable to net assets warranted to be GBP595,919 before taxation for each of the 3
financial years post effective date or GBP482,694 after tax, based on the current United
Kingdom corporate income tax rate.

2 November 2018
Durban
Sponsor and Corporate Advisor
River Group

Date: 02/11/2018 03:32:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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