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Sekunjalo - Further information regarding the disposal and the acquisition and

Release Date: 10/08/2005 12:25
Code(s): SKJ
Wrap Text

Sekunjalo - Further information regarding the disposal and the acquisition and renewal of cautionary announcement Sekunjalo Investments Limited (Incorporated in the Republic of South Africa) (Registration number 1996/006093/06) Share code: SKJ & ISIN: ZAE000017893 ("Sekunjalo" or "the company") FURTHER INFORMATION REGARDING THE DISPOSAL OF CERTAIN PREMIER FISHING SA (PROPRIETARY) LIMITED ("PREMIER FISHING") CONSUMER BRANDS AND THE ACQUISITION OF BIOCLONES (PROPRIETARY) LIMITED ("BIOCLONES") AND RENEWAL OF CAUTIONARY ANNOUNCEMENT 1. Introduction Shareholders are referred to the announcement to shareholders dated 4 July 2005 regarding the disposal of certain Premier Fishing consumer brands ("the disposal") ("the announcement") and the announcements dated 28 June 2005 and 4 July 2005 regarding Sekunjalo"s subscription for 4 100 new ordinary shares in Bioclones ("the first tranche subscription"), the option granted to Sekunjalo to acquire a further 800 ordinary shares in Bioclones ("the second tranche option") and the further acquisition by Sekunjalo of 1 800 ordinary shares in Bioclones by no later than 15 July 2006, ("the third tranche acquisition") ("collectively the acquisition"). 2. Categorisation of the disposal Shareholders were advised in the announcement that the disposal was a Category 2 transaction in terms of the JSE Limited Listings Requirements pending a ruling to be obtained from the Issuer Services Division of JSE Limited ("the JSE"). Further to this, the JSE have confirmed that the disposal is a Category 2 transaction. 3. Delay in publishing of financial effects and posting of the requisite circular Shareholders are advised that as certain terms of the acquisition and disposal are being re-negotiated, the publishing of the financial effects of the disposal and the third tranche disposal and the posting of the requisite Category 2 circular in respect of the acquisition and disposal has been delayed. Shareholders will be advised in due course of any material changes to the terms and conditions of the acquisition and disposal, the financial effects of the acquisition and disposal and the expected time of posting of the requisite circular. 4. Renewal of cautionary announcement Shareholders are advised to continue exercising caution when dealing in Sekunjalo"s securities until the financial effects of the disposal and the third tranche acquisition and any material amendments to the terms and conditions of the acquisition and disposal are published. Cape Town 10 August 2005 Sponsor Nedbank Capital Date: 10/08/2005 12:25:06 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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