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NAMPAK LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT

Release Date: 01/12/1998 16:18
Code(s): NPK NPKPNPP1
Wrap Text
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 68/08070/06)
("THE COMPANY")
FURTHER CAUTIONARY ANNOUNCEMENT

FURTHER TO THE CAUTIONARY ANNOUNCEMENT DATED 9 OCTOBER 1998 SHAREHOLDERS ARE ADVISED THAT THE COMPETITION BOARD HAS SUBMITTED A REPORT TO THE MINISTER FOR TRADE & INDUSTRY RECOMMENDING THAT THE PROPOSED ACQUISITION BY THE COMPANY OF CROWN CORK COMPANY SA (PTY) LTD SHOULD BE PROHIBITED IF THE PARTIES DECIDE TO PROCEED WITH IT.
IN THE LIGHT OF THIS RECOMMENDATION THE PARTIES WILL BE MAKING REPRESENTATIONS TO THE MINISTER. IF THE REPRESENTATIONS ARE SUCCESSFUL, THE CONCLUSION OF THE NEGOTIATIONS MAY HAVE AN EFFECT ON THE PRICE OF THE COMPANY'S SECURITIES. ACCORDINGLY SHAREHOLDERS ARE ADVISED TO CONTINUE EXERCISING CAUTION WHEN DEALING IN THE COMPANY'S SECURITIES UNTIL A FULL ANNOUNCEMENT IS MADE. SANDTON 1 DECEMBER 1998

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