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NAMPAK LIMITED - COMPETITION TRIBUNAL APPROVES SALE OF NAMITECH

Release Date: 05/02/2004 17:39
Code(s): NPK
Wrap Text

NAMPAK LIMITED - COMPETITION TRIBUNAL APPROVES SALE OF NAMITECH NAMPAK LIMITED (Incorporated in the Republic of South Africa) (Registration number 1968/008070/06) ("Nampak") ISIN : ZAE 000004933 JSE Share code : NPK COMPETITION TRIBUNAL APPROVES SALE OF NAMITECH Further to the press release dated 7 October 2003 in which it was announced that the Competition Commission had recommended to the Competition Tribunal that the acquisition by Altech of a controlling shareholding in NamITech Holdings Limited should not be permitted, Nampak is pleased to announce that the Competition Tribunal has approved the acquisition, subject to Altech disposing of its Africard business, excluding its personalisation bureau, to an approved purchaser and terminating its exclusive right to distribute Datacard personalisation equipment, spares and solutions in South Africa. The effective date of the transaction is expected to be by the end of February 2004 and payment for Nampak"s shareholding will be received within 5 (five) business days thereafter. Sandton 5 February 2004 Date: 05/02/2004 05:39:02 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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