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SEP - Sephaku Holdings Limited - Further cautionary announcement

Release Date: 13/07/2010 17:00
Code(s): SEP
Wrap Text

SEP - Sephaku Holdings Limited - Further cautionary announcement Sephaku Holdings Limited (Incorporated in the Republic of South Africa) (Registration number: 2005/003306/06) Share code: SEP ISIN: ZAE000138459 ("Sephaku Holdings" or "the company") Further cautionary announcement Shareholders are referred to the announcement dated 1 February 2010 relating to the proposed restructuring of the Sephaku Holdings group ("the restructuring") and to the announcements dated 1 June 2010 and 4 June 2010 which included information relating to the heads of agreement concluded with Dangote Industries Limited ("Dangote") in terms of which, inter alia, Sephaku Cement (Pty) Limited ("Sephaku Cement"), an 80.22% owned subsidiary of Sephaku Holdings, will issue shares to Dangote, subject to various conditions precedent, in an aggregate amount of R779 million for the funding of its cement project ("the Dangote issue"). Shareholders are reminded that the company is still trading under a cautionary and that, until an announcement providing additional and final details relating to the restructuring and the Dangote issue, including the relevant financial effects, is released, they should continue to exercise caution when dealing in their Sephaku Holdings shares. Pretoria 13 July 2010 Sponsor QuestCo Sponsors (Pty) Limited Corporate advisor to Sephaku Cement Sasfin Capital (A division of Sasfin Bank Limited) Legal advisors to Sephaku Holdings Cliffe Dekker Hofmeyr Date: 13/07/2010 17:00:01 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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