To view the PDF file, sign up for a MySharenet subscription.

TKG - Telkom SA Limited - Renewal Of Cautionary Announcement

Release Date: 25/04/2012 07:05
Code(s): TKG
Wrap Text

TKG - Telkom SA Limited - Renewal Of Cautionary Announcement Telkom SA Limited (Registration number 1991/005476/06) JSE share code TKG ISIN ZAE000044897 ("Telkom" or the "Company") RENEWAL OF CAUTIONARY ANNOUNCEMENT Shareholders are referred to the cautionary announcements dated 14 October 2011, 21 November 2011, 12 December 2011, 27 January 2012, and 09 March 2012 regarding a potential strategic venture ("Potential Strategic Venture") between Telkom and KT Corporation (collectively "the Companies"). Shareholders are advised that the Companies have completed the diagnostic review and harmonised their respective findings. The Companies are now in the process of finalising the terms of the Potential Strategic Venture. Once the terms have been agreed, the Companies will present the Potential Strategic Venture to their respective boards of directors for approval before engaging with key stakeholders and presenting the terms of the Potential Strategic Venture to Telkom shareholders for approval. Shareholders are once again advised that whilst discussions regarding the Potential Strategic Venture are ongoing, there is still no certainty that a formal transaction will be proposed or concluded. Accordingly, shareholders are advised to continue exercising caution when trading in the Company`s securities until a further announcement is made. For enquiries Telkom: Robin Coode (Investor Relations) Tel: +27 (0)12 311 6081 Pynee Chetty (Media) Tel: +27 (0)12 311 5247 Pretoria 25 April 2012 Lead financial advisor and transaction sponsor to Telkom Deutsche Bank Sponsor to Telkom UBS South Africa (Pty) Ltd Date: 25/04/2012 07:05:03 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.

Share This Story