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AECI:  9,515   0 (0.00%)  01/01/1970 00:00

AECI - CAUTIONARY ANNOUNCEMENT

Release Date: 11/03/1999 14:31
Code(s): AFE AED5AFEP
Wrap Text
AECI
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
REGISTRATION NUMBER 04/02590/06
CAUTIONARY ANNOUNCEMENT

SHAREHOLDERS ARE ADVISED, IN THE LIGHT OF RECENT PRESS COMMENT, THAT NEITHER AECI LIMITED ("AECI" OR "THE COMPANY") NOR ITS MAJOR SHAREHOLDER HAVE RECEIVED ANY NEW APPROACH FROM SASOL LIMITED OR ANY OTHER PARTY TO ACQUIRE THE COMPANY. AECI IS ENGAGED IN DISCUSSIONS WITH DYNO INDUSTRIER ASA OF NORWAY AND ORICA LIMITED OF AUSTRALIA CONCERNING ITS EXPLOSIVES BUSINESS. THESE DISCUSSIONS, IF SUCCESSFULLY CONCLUDED, MAY AFFECT THE PRICE OF AECI'S SHARES.
ACCORDINGLY, SHAREHOLDERS ARE ADVISED TO EXERCISE CAUTION WHEN DEALING IN THEIR AECI SHARES UNTIL A FURTHER ANNOUNCEMENT IS MADE. WOODMEAD 11 MARCH 1999 FINANCIAL ADVISER ING BARINGS SPONSORING BROKER ING BARINGS ING BARINGS SOUTHERN AFRICA LIMITED (MEMBER OF THE JOHANNESBURG STOCK EXCHANGE) (REGISTRATION NUMBER 94/04352/07)

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