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BRIEF-Tiso Blackstar Announces Lapsing Of Africa Radio Sale

Published 05/03/2020, 07:45
Updated 05/03/2020, 07:54
© Reuters.  BRIEF-Tiso Blackstar Announces Lapsing Of Africa Radio Sale
TBGJ
-

March 5 (Reuters) - Tiso Blackstar Group SE TBGJ.J :

* JSE: TBG - LAPSING OF AFRICA RADIO SALE

* TISO BLACKSTAR - DUE TO NON-FULFILMENT OF A CONDITION

PRECEDENT,

AFRICA RADIO SALE HAS LAPSED AND WILL NOT PROCEED

* TISO BLACKSTAR GROUP SE - CO AND LEBASHE ARE CONSIDERING

CONCLUSION OF A NEW TRANSACTION

* TISO BLACKSTAR - ANTICIPATED SA RADIO SALE WILL BE

COMPLETED IN

JUNE 2020

* TISO BLACKSTAR GROUP SE- CO AND LEBASHE ENTERED FRESH

NEGOTIATIONS IN REGARDS TO AFRICA RADIO SALE

* TISO BLACKSTAR, ON AFRICA RADIO SALE, SAYS PROVED

IMPOSSIBLE TO

OBTAIN REQUIRED SIGNATURE OF MINORITY SHAREHOLDER OF MULTIMEDIA

GROUP

Source text for Eikon: ID:nJseE0018a

Further company coverage: TBGJ.J

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