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

ILLOVO LIMITED - FURTHER CAUTIONARY ANNOUNCEMENT

Release Date: 23/03/2001 17:26
Code(s): ILV
Wrap Text
ILLOVO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1906/000622/06)
("Illovo")

Further cautionary announcement regarding the acquisition by Illovo of Tate & Lyle PLC`s 50,87% interest in Zambia Sugar Plc
Further to the cautionary announcements dated 16 February 2001 and 14 March 2001, ING Barings is authorised to announce that, following the approval by the Zambia Competition Commission of the acquisition by Illovo of Tate & Lyle PLC`s 50,87% interest in Zambia Sugar Plc ( Zambia Sugar ) for US$11,4 million (approximately R90 million), the transaction has become unconditional. In terms of the rules of the Securities and Exchange Commission (Zambia) and the Lusaka Stock Exchange, Illovo will extend a mandatory offer to Zambia Sugar`s minority shareholders on equivalent terms. The results of the mandatory offer are expected to be published on 14 May 2001.
Illovo shareholders are accordingly advised to continue to exercise caution when dealing in their Illovo shares until the results of the mandatory offer are published. Mount Edgecombe 23 March 2001 Financial adviser and sponsor ING BARINGS

Share This Story