Takeover bid for Country Road now unconditional
WOOLWORTHS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 1929/001986/06
Share code: WHL ISIN: ZAE000063863
TAKEOVER BID FOR COUNTRY ROAD NOW UNCONDITIONAL AND WILL NOT
WHL is pleased to announce that it has today received approval from the Australian
Foreign Investment Review Board for its takeover offer ("Offer") (made via
Woolworths International (Australia) II Pty Ltd) for the remaining shares in Country
Road Limited ("Country Road"), of which details were released on the Stock
Exchange News Service of the JSE Limited on 24 June 2014.
Accordingly, the final outstanding condition to the Offer has been satisfied and the
Offer is now unconditional.
As at 7pm on 23 July 2014, WHL's relevant interest in Country Road was 87.92%.
Upon WHL obtaining a relevant interest in Country Road shares of at least 90%,
WHL intends to proceed to compulsory acquisition of all outstanding Country Road
shares. Country Road shareholders who do not accept the Offer before the close of
the Offer and whose shares are subject to compulsory acquisition will not be paid
until at least September 2014.
It is expected that the Australian Securities Exchange will suspend quotation of
Country Road shares 5 business days after compulsory acquisition notices are sent.
25 July 2014
Head of Corporate Projects
and Investor Relations
T: +27 21 407 3250
M: +27 83 412 4923
WHL South Africa Australia
Susie Squire Brunswick Hintons
Head of Corporate Affairs & Nic Bennett Angus Urquhart
PR T:+27 11 502 7300 T: +61 3 96001979
T:+27 21 407 7546 M:+27 71 442 2401 M: +61 402 575 684
M:+27 60 532 3999
Carol Roos Nerida Mossop
T:+27 11 502 7300 T: +61 3 96001979
M:+27 72 690 1230 M: +61 437 361 433
Financial advisers to WHL: Legal advisers to WHL:
Rothschild Gilbert +Tobin
Standard Bank Webber Wentzel
Transaction Sponsors to WHL: Independent Sponsors to WHL:
Standard Bank Rand Merchant Bank (a division of
FirstRand Bank Limited)
Date: 25/07/2014 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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