Renewal of Cautionary Announcement
PEMBURY LIFESTYLE GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2013/205899/06)
Share code: PEM ISIN: ZAE000222949
(“Pembury” or “the Company”)
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the ‘Detailed Cautionary Announcement relating to an Offer to Subscribe for Shares by
Verityhurst Proprietary Limited (“Verityhurst”)’ announcement dated 30 July 2020 (and using the
terms defined therein unless otherwise stated) wherein shareholders were advised, inter alia, that the
Board had accepted an offer from Verityhurst to enter into a Share Subscription Agreement in terms
of which Verityhurst has agreed to subscribe for 180 000 000 Subscription Shares for cash at a
subscription price of 10.5 cents per share for a total consideration of R18 900 000 subject to certain
suspensive conditions, including the disposal of the PLG Retirement Village subsidiary, the update
announcements, the last of which was released on SENS on 6 August 2020 and the subsequent
renewal of cautionary announcement dated 8 December 2020, shareholders are reminded that, as
announced on SENS on 14 August 2020:
- given that the Company was suspended on 1 July 2020, the Subscription Price pertaining to the
subscription of the Subscription Shares by Verityhurst is subject to discussions with the JSE in
terms of the Company’s general authority; and
- in so far as paragraph 9.7 of the Listings Requirements of the JSE is concerned and to which the
disposal of the PLG Retirement Villages is subject, the JSE has, via the Designated Advisor,
engaged with the Company in order to reach a determination of the categorisation of such disposal
prior to signature of the disposal agreement.
The JSE has now requested the Company to submit a formal request for ruling which has been
prepared and will be submitted by close of business on 22 January 2021.
Accordingly, shareholders are advised to continue exercising caution when dealing in the Company’s
securities until a further announcement is made.
22 January 2021
Date: 22-01-2021 05:00:00
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