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TASTE HOLDINGS LIMITED - Completion Of The Starbucks Disposal And Maxis And Fish & Chip Co Disposal

02 December 2019 - 15:55 PM
TAS
Completion Of The Starbucks Disposal And Maxis And Fish & Chip Co Disposal

TASTE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 2000/002239/06)
Share code: TAS
ISIN: ZAE000081162
(Taste or the Company)


COMPLETION OF THE STARBUCKS DISPOSAL AND MAXIS AND FISH & CHIP CO DISPOSAL


1.     Shareholders are referred to 

1.1.     the announcement released by the Company on SENS on 1 November 2019 (Starbucks
         Disposal Announcement), regarding the conclusion of an agreement on 31 October 2019,
         by the Company, through its wholly-owned subsidiary Taste Food Franchising Proprietary
         Limited with Rand Capital Coffee (South Africa) Proprietary Limited (Starbucks
         Purchaser), in terms of which the Company agreed to dispose of its Starbucks franchise
         business in South Africa as a going concern to the Starbucks Purchaser (Starbucks
         Disposal); and

1.2.     the announcement released by the Company on SENS on 19 November 2019 (Maxis and
         The Fish & Chip Co. Disposal Announcement), regarding the conclusion of an
         agreement, in terms of which the Company agreed to dispose of its food brand franchise
         businesses, Maxis and The Fish & Chip Co. (Maxis and The Fish & Chip Co. Disposal),

       (the Starbucks Disposal Announcement and the Maxis and The Fish & Chip Co. Disposal
       Announcement, hereinafter being referred to as the Announcements and the Starbuck
       Disposal and the Maxis and The Fish & Chip Co. Disposal hereinafter being referred to as the
       Disposals).

2.     As indicated in the Announcements, the Starbucks Disposal and the Maxis and The Fish &
       Chip Co. Disposal were subject to the fulfilment of certain conditions precedent.

3.     Shareholders are hereby advised that the conditions precedent to the Starbucks Disposal and
       the Maxis and The Fish & Chip Co. Disposal have been fulfilled and the Disposals will be
       implemented today, 2 December 2019, in accordance with their terms.

Johannesburg
2 December 2019

Sponsor
PSG Capital

Date: 02-12-2019 04:55:00
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