To view the PDF file, sign up for a MySharenet subscription.

AECI LIMITED - ANNOUNCEMENT CONCERNING THE LAPSE OF THE SASOL OFFERS

Release Date: 29/09/1998 15:27
Code(s): AED5AFE AFEP
Wrap Text
(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)

Share This Story