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AECI - CAUTIONARY ANNOUNCEMENT

Release Date: 22/11/2000 15:27
Code(s): AFE AFEP
Wrap Text
AECI LIMITED
(REGISTRATION NUMBER 1924/002590/06)
("AECI" OR THE "COMPANY")
CAUTIONARY ANNOUNCEMENT

SHAREHOLDERS ARE ADVISED THAT AECI HAS REACHED AGREEMENT IN PRINCIPLE, SUBJECT TO CERTAIN CONDITIONS, WITH ANGLO SOUTH AFRICA (PROPRIETARY) LIMITED ("ANGLO"), THE HOLDER OF APPROXIMATELY 53% OF THE ORDINARY SHARES IN AECI, REGARDING A POTENTIAL -AG1-REPURCHASE BY AECI OF A PORTION OF ANGLO'S SHAREHOLDING IN AECI, THE IMPLEMENTATION OF WHICH MAY HAVE A MATERIAL EFFECT ON THE PRICE OF THE COMPANY'S SECURITIES.
ACCORDINGLY, SHAREHOLDERS ARE ADVISED TO EXERCISE CAUTION IN THEIR DEALINGS IN THE COMPANY'S SECURITIES UNTIL A FURTHER ANNOUNCEMENT IS MADE. WOODMEAD, 22 NOVEMBER 2000

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