The Directors of Edgars Stores Limited ("Edgars" or "the Company") wish to advise all shareholders and the investing public that the company is engaged in discussions that involve a potential transaction that may have a material impact on the value of the Company's shares. The transaction involves raising capital for the Company's expansion initiatives through the issuance of shares by way of a rights offer.
Further details of the transaction will be provided once discussions have been finalised.
Shareholders are therefore advised to exercise caution when trading in the Company's shares.
By Order of the Board
Vuyo Nxumalo
Company Secretary