Namibia Breweries Limited - Further Cautionary Announcement
Namibia Breweries Limited
(“NBL” or “the Company”)
(Incorporated in the Republic of Namibia)
(Registration number: 2/1920)
Share code: NBS
ISIN: NA0009114944
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the Circular dated 15 November 2021 and the cautionary announcements
dated 28 December 2021 and 17 January 2022, shareholders are advised that
discussions regarding the conditional sale agreement that was signed between Distell
Group Holdings Limited’s applicable subsidiaries, Sunside Acquisitions Limited and
NBL regarding the possible acquisition by NBL of Distell Namibia Limited, Distillers
Corporation Namibia (Pty) Limited and Namibia Wines and Spirits Limited are still
ongoing and that the conditional sale agreement is subject to several conditions
precedent.
As such there can be no certainty that the agreement will be implemented until such
conditions precedent are fulfilled or waived, as the case may be. NBL believes that it
will be in a position to provide more detailed information to NBL shareholders in the
near future.
Accordingly, shareholders are advised to continue to exercise caution when dealing in
the Company’s securities until a further announcement is made.
By order of the board of directors of NBL.
Windhoek
25 February 2022
Sponsor to Namibia Breweries Limited
PSG Wealth Management (Namibia) (Pty) Ltd
Member of the Namibian Stock Exchange
Date: 25-02-2022 08:30:00
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