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Natchix/Astral - Competition Commission ruling and cautionary announcement

Release Date: 07/12/2001 17:32
Code(s): NCX ARL
Wrap Text
National Chick Limited
(Registration number 1980/008743/06)
(Share code: NCX, ISIN: ZAE000010591)
("Natchix")
Astral Foods Limited
(Registration number 1978/003194/06)
(Share code: ARL, ISIN: ZAE000029757)
("Astral")

Competition Commission ruling and cautionary announcement
Further to the announcement of 5 October 2001, Natchix and Astral
shareholders are advised that the Competition Commission has not approved the acquisition by Astral of all of the shares in Natchix it does not already own.
Astral is considering various courses of action in relation to the
transaction, and shareholders will be advised as soon as possible of the implications of the Competition Commission's decision. Accordingly,
shareholders are advised to exercise caution when dealing in their
respective shares until a further announcement is made. Umlaas Road 7 December 2001 Adviser and transactional sponsor to Astral Rand Merchant Bank Corporate Finance A Division of FirstRand Bank Limited Independent adviser to Natchix BOE Merchant Bank A Division of BOE Bank Limited Co. Reg. No 1995/000847/06 Sponsor to Astral ING Barings Sponsor to Natchix BOE Securities (Pty) Ltd
Member of the JSE Securities Exchange South Africa Co. Reg. No. 1995/012240/07

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