AHEALTH/ BIDCO/ AFROX - JOINT ANNOUNCEMENT FROM AHEALTH, BIDCO AND AFROX AS TO
TIMING FOR THE COMPETITION TRIBUNAL HEARING
Afrox Healthcare Limited Business Venture Investments
(Incorporated in the No. 790 (Proprietary)
Republic of South Africa) Limited
(Registration number: (Incorporated in the
1985/001313/06) Republic of South Africa)
Share code: AHH (Registration number:
ISIN: ZAE000022059 2003/002733/07)
African Oxygen Limited
(Incorporated in the
Republic of South Africa)
JSE Share code: AFX
NSX Share code: AOX
Joint announcement from Ahealth, Bidco and Afrox as to timing for the
Competition Tribunal hearing
As announced on Thursday 13 May 2004, the Competition Commission recommended, to
the Competition Tribunal, that the merger of Bidco and Ahealth pursuant to which
Bidco will acquire all of the shares in Ahealth (the "merger") be approved
subject to certain conditions.
Bidco comprises a BEE consortium (holding 75% of the shares of Bidco) and Medi-
Clinic Corporation Limited. The BEE consortium comprises Brimstone Investment
Corporation Limited, Mvelaphanda Strategic Investments (Proprietary) Limited,
and broad based empowerment groupings.
In terms of an order issued by the Competition Tribunal, the hearing of the
merger by the Competition Tribunal is scheduled to take place for five days over
the week of 19 - 23 July 2004.
The Tribunal has held that the hearing will continue for the scheduled five days
from 19-23 July 2004 and will again resume on 15 September 2004 and continue for
a further period of 7 days, being 15, 16, 17, 20, 21, 22 and 23 September 2004.
The approval by the Competition Tribunal is the only outstanding condition
precedent for the acquisition by Bidco of all the shares in Ahealth.
21 July 2004
Sponsor to Afrox
Barnard Jacobs and Mellet
Sponsor to Ahealth
Date: 21/07/2004 02:29:55 PM Supplied by www.sharenet.co.za
Produced by the JSE SENS Department