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KGM - Kagiso Media Limited - Further cautionary announcement

Release Date: 22/09/2011 16:40
Code(s): KGM
Wrap Text

KGM - Kagiso Media Limited - Further cautionary announcement Kagiso Media Limited (Incorporated in the Republic of South Africa) (Registration number 1957/000036/06) Share code KGM ISIN ZAE000014007 ("Kagiso Media" or "the company") FURTHER CAUTIONARY ANNOUNCEMENT Further to the cautionary announcement dated 11 August 2011 shareholders are advised that Kagiso Media has accepted an offer to sell its shares and claims in LexisNexis (Proprietary) Limited ("LexisNexis") for the sum of R 565 million. The transaction is, however, subject to completion of a due diligence exercise, regulatory approvals and the finalisation of the sale of shares agreement. It is intended that prior to 30 September 2011 LexisNexis will declare and pay a dividend to its current shareholders of R53.9 million The completion date for the transaction is anticipated to be 30th October 2011. Accordingly, shareholders are advised to continue exercising caution when dealing in the company`s securities until a further detailed announcement is made. 22 SEPTEMBER 2011 Johannesburg Sponsor: Investec Bank Limited Date: 22/09/2011 16:40:02 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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