Go Back Email this Link to a friend

Amic - Further Cautionary

Release Date: 24/04/1998 08:03:17      Code(s): AMI AMIPSOL SOLD
ANGLO AMERICAN INDUSTRIAL CORPORATION LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 63/05282/06)
("AMIC")
SASOL LIMITED
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 79/03231/06)
("SASOL")
FURTHER CAUTIONARY ANNOUNCEMENT
FURTHER TO THE JOINT CAUTIONARY ANNOUNCEMENT DATED 16 APRIL 1998 MADE BY AMIC,
SASOL, AECI LIMITED ("AECI"), CHEMICAL SERVICES LIMITED ("CHEMSERVE") AND
POLIFIN LIMITED ("POLIFIN"), REFERENCE WAS MADE TO DISCUSSIONS BETWEEN AMIC AND
SASOL. THESE DISCUSSIONS RELATE TO AMIC'S 52,6% SHAREHOLDING IN AECI POSSIBLY
BEING ACQUIRED BY SASOL FOR CASH WHICH WOULD RESULT IN THE SAME CASH
CONSIDERATION PER AECI ORDINARY SHARE BEING OFFERED TO ALL OTHER AECI
SHAREHOLDERS. HOWEVER, AT THIS STAGE OF THE DISCUSSIONS IT IS TOO EARLY TO
ANNOUNCE ANY FURTHER DETAILS. DUE TO THE NATURE OF CERTAIN OF THE BUSINESSES OF
SASOL AND AECI THE COMPETITION BOARD WILL NEED TO BE CONSULTED AND THIS
CONSULTATION HAS BEEN INITIATED.
SHOULD AN OFFER, AS REFERRED TO ABOVE, BE MADE TO AECI SHAREHOLDERS IT IS NOT
ENVISAGED THAT ANY OFFER WILL BE MADE TO THE POLIFIN AND CHEMSERVE MINORITY
SHAREHOLDERS.
ONCE DISCUSSIONS BETWEEN AMIC AND SASOL HAVE PROGRESSED SUFFICIENTLY A FURTHER
ANNOUNCEMENT WILL BE MADE. ACCORDINGLY, SHAREHOLDERS ARE ADVISED TO CONTINUE TO
EXERCISE CAUTION WHEN DEALING IN THEIR SHARES AND CONVERTIBLE DEBENTURES UNTIL
A FURTHER ANNOUNCEMENT IS MADE.
JOHANNESBURG
23 APRIL 1998
SPONSORING BROKER TO AMIC
MERRILL LYNCH
SMITH BORKUM HARE (PTY) LIMITED
MEMBER OF THE JOHANNESBURG STOCK EXCHANGE
REG NO 95/01805/07
MERCHANT BANK TO SASOL
INVESTEC MERCHANT BANKING
INVESTEC BANK LIMITED
(REG NO 69/048763/06)



                                        
Email this JSE Sens Item to a Friend.

Send e-mail to
© 2017 SHARENET (PTY) Ltd, Cape Town, South Africa
Home     Terms & conditions    Privacy Policy
    Security Notice    Contact Details
Market Statistics are calculated by Sharenet and are therefore not the official JSE Market Statistics. The calculation/derivation may include underlying JSE data.