Brait SE
(Registered in Malta as a European Company) (Registration No.SE1)
Share code: BAT ISIN: LU0011857645
Share Code: BATP ISIN: MT0000680208 ("Brait")
Brait shareholders are referred to the announcement released on the website of the Luxembourg Stock Exchange and on the Stock Exchange News Service of the JSE Limited on 16 April 2015 in terms of which Brait's wholly owned subsidiary, Brait Mauritius Limited, entered into a conditional agreement, primarily with Darwin Holdings, a wholly owned subsidiary of funds managed and advised by CVC Capital Partners, and Virgin Group Holdings Limited, to acquire a c.80% interest in Virgin Active ("the Acquisition") for c.GBP691 million.
The board of directors of Brait is pleased to confirm the completion of the Acquisition. The family interests of Sir Richard Branson and the existing Virgin Active management will hold the remaining c.20%.
16 July 2015
Brait's primary listing is on the Euro MTF market of the Luxembourg Stock Exchange and its secondary listing is on the Johannesburg Stock Exchange.
The Standard Bank of South Africa
Rand Merchant Bank (A division of FirstRand Bank Limited)
Linklaters LLP
South African attorneysDLA Cliffe Dekker Hofmeyr
European legal advisorM Partners S.à r.l. (A member of Maitland Legal)
Sponsor to BraitRand Merchant Bank (A division of FirstRand Bank Limited)
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