Acquisition of BMi Sport completed

COGNITION Holdings has concluded an agreement for the acquisition of the remaining 37 percent of the shares in BMi Sport Info Proprietary that the company does not already own from the two remaining shareholders, David Ian Sidenberg and Wayne Deary. The group said the acquisition falls below the transaction thresholds as set out in the Listings Requirements of the JSE, therefore it does not require any formal disclosure. Cognition currently holds 63 percent of the issued shares in BMi Sport. These shares were acquired in March 2015. BMi Sport was established in 1990 as a research company focusing exclusively on the sport and sponsorship market. It has been at the forefront of the industry and has become recognised as a leader in its field, both in South Africa and internationally. – Sandile Mchunu