Go Back Email this Link to a friend

Aeci Limited - Announcement Concerning The Lapse Of The Sasol Offers

Release Date: 29/09/1998 15:27:05      Code(s): AED5AFE AFEP
(REGISTRATION NUMBER 04/02590/06)
ANNOUNCEMENT CONCERNING THE LAPSE OF THE SASOL OFFERS
CAUTIONARY ANNOUNCEMENT
THE BOARD OF AECI LIMITED ("AECI" OR "THE COMPANY") NOTES THE ANNOUNCEMENT BY
SASOL LIMITED ("SASOL") DATED 29 SEPTEMBER 1998 THAT IT WILL NOT PROCEED WITH
ITS OFFERS FOR AECI'S ORDINARY AND PREFERENCE SHARES FOLLOWING THE DECISION OF
THE COMPETITION BOARD TO IMPOSE CERTAIN CONDITIONS ON THE PROPOSED ACQUISITION.
ON 5 JUNE 1998, THE BOARD OF AECI ANNOUNCED THE INTENTION TO INITIATE A
RESTRUCTURING OF THE COMPANY IN THE EVENT THAT THE SASOL OFFERS DID NOT
PROCEED. THE RESTRUCTURING PLAN WILL BE REVIEWED BY THE BOARD AND THE OUTCOME
MADE KNOWN TO SHAREHOLDERS AS SOON AS PRACTICABLE.
ACCORDINGLY, SHAREHOLDERS ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN THEIR
AECI ORDINARY AND PREFERENCE SHARES UNTIL A FURTHER ANNOUNCEMENT IS MADE.
WOODMEAD
29 SEPTEMBER 1998
FINANCIAL ADVISER                 SPONSORING BROKER
ING BARINGS                       ING BARINGS
                                  ING BARINGS SOUTHERN AFRICA
                                  (PROPRIETARY) LIMITED
                                  (MEMBER OF THE JOHANNESBURG
                                  STOCK EXCHANGE)
                                 (REGISTRATION NUMBER 94/04352/07)



                                        
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.