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AECI - FURTHER CAUTIONARY

Release Date: 24/04/1998 08:01
Code(s): AFE AED5AFEP
Wrap Text
AECI LIMITED
(REGISTRATION NUMBER 04/02590/06)
FURTHER CAUTIONARY ANNOUNCEMENT

FURTHER TO THE JOINT CAUTIONARY ANNOUNCEMENT DATED 16 APRIL 1998, SHAREHOLDERS ARE ADVISED THAT THE DISCUSSIONS REFERRED TO IN THAT ANNOUNCEMENT MAY LEAD TO ANGLO AMERICAN INDUSTRIAL CORPORATION LIMITED`S 52,6% SHAREHOLDING IN AECI LIMITED ("AECI") BEING ACQUIRED BY SASOL LIMITED FOR CASH WHICH WOULD RESULT IN THE SAME CASH CONSIDERATION PER AECI ORDINARY SHARE BEING OFFERED TO ALL OTHER AECI SHAREHOLDERS.
THE BOARD OF AECI HAS APPOINTED ING BARINGS TO ADVISE REGARDING THE MERITS OF SUCH AN OFFER AND OF ANY OTHER PROPOSALS THAT MAY ARISE INSOFAR AS THEY AFFECT MINORITY SHAREHOLDERS.
ACCORDINGLY, SHAREHOLDERS ARE ADVISED TO CONTINUE TO EXERCISE CAUTION WHEN DEALING IN THEIR SHARES IN AECI UNTIL A FURTHER ANNOUNCEMENT IS MADE. JOHANNESBURG 24 APRIL 1998 FINANCIAL ADVISER ING BARINGS SPONSORING BROKER ING BARINGS ING BARINGS SOUTHERN AFRICA (PROPRIETARY) LIMITED (MEMBER OF THE JOHANNESBURG STOCK EXCHANGE) (REGISTRATION NUMBER 94/04352/07)

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