Seardel to Unbundle, Separately List Non-Media Investments

August 29, 2014

To list non-media investments through newly-created investment holding co., Deneb Investments, on Johannesburg Stock Exchange.

* After unbundling, separate listing, Seardel to remain media focused investment co.; to concentrate resources on growing its media businesses;
* Board says transaction should enhance shareholder value;
* Transaction subject to conditions, including JSE approval. Source: Bloomberg