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ADRENNA PROPERTY GROUP LIMITED - Renewal of Cautionary Announcement

Release Date: 07/08/2019 09:19
Code(s): ANA     PDF:  
Wrap Text
Renewal of Cautionary Announcement

ADRENNA PROPERTY GROUP LIMITED
(Registration Number 1998/012245/06)
Share Code: ANA ISIN: ZAE000163580
(“Adrenna” or “the Company”)


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Further to the cautionary announcement published on 26 June 2019, shareholders are
advised that the board of directors of Adrenna (“Board”) is continuing with its
deliberations regarding a possible delisting of the Company from the JSE Limited by
means of an offer to Shareholders to repurchase the issued share capital held by them
and that an indicative offer consideration of up to R1.30 per share is currently being
considered by the Board.

Shareholders are advised that this announcement is not a firm intention
announcement in terms of Regulation 101 of the Companies Regulations, 2011 and
are accordingly advised to continue to exercise caution when dealing in the
Company’s securities until such time as a detailed firm intention announcement is
made or until this cautionary is otherwise withdrawn.

The Board accepts responsibility for the information contained in this announcement.
The best of its knowledge and belief, the information contained in this announcement
is true and is nothing has been omitted which is likely to affect the importance of the
information included.

Johannesburg
7 August 2019


Sponsor
Arbor Capital Sponsors Proprietary Limited

Date: 07/08/2019 09:19:00
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