PSG Group to Make Offer to Acquire All Thembeka Shares

September 11, 2014

Thembeka to transfer interests in Pioneer Food, Kaap Agri plus Curro Holdings lock-in empowerment shrs to a new black-owned, controlled co.

* Shareholding to ultimately be held by Stellenbosch BEE Education Trust;
* PSG to acquire all 6.88m Thembeka shrs; Thembeka shareholders to get 1.7 PSG ord. shrs for every unlisted scheme shr disposed of;
* Scheme consideration to be issued on mkt, listed on main board of JSE. Source: Bloomberg