Friday, 4 November 2016

JACOBS DOUWE EGBERTS MAKES A PRE-CONDITIONAL OFFER FOR ALL OF SUPER GROUP LTD FOR S$1.30 PER SHARE IN CASH, BACKED BY IRREVOCABLE COMMITMENTS REPRESENTING 60% OF SHARES ISSUED

SINGAPORE, Nov 3 (Bernama-BUSINESS WIRE) -- Super Group Ltd (SGX : S10.SI) ("Super Group") and Sapphire Investments BV ("Sapphire"), an indirect wholly owned subsidiary of Jacobs Douwe Egberts BV ("JDE"), today announced that Sapphire has made a pre-conditional offer to acquire all the issued shares of Super Group, supported by irrevocable commitments received from shareholders representing 60% of Super Group's issued shares to tender their shares in the offer. This includes an irrevocable commitment from YHS Investment, holding 11.69% of Super Group's issued shares, whose undertaking to accept is subject to approval of its shareholders.
http://mrem.bernama.com/viewsm.php?idm=27863

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