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CAPE EMPOWERMENT LIMITED - Further cautionary announcement relating to a potential delisting of the companys shares from the JSE Limited

Release Date: 07/11/2012 17:14
Code(s): CAP     PDF:  
Wrap Text
Further cautionary announcement relating to a potential delisting of the company’s shares from the JSE Limited

CAPE EMPOWERMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/001807/06)
JSE code: CAP ISIN: ZAE000145066
(“CEL” or “the company”)

FURTHER CAUTIONARY ANNOUNCEMENT RELATING TO A POTENTIAL DELISTING OF THE
COMPANY’S SHARES FROM THE JSE LIMITED

Shareholders are referred to the cautionary announcement released on SENS on 5 November 2012 regarding a possible delisting
(“the delisting”) of the company’s shares from the JSE Limited.

If the company proceeds with the delisting, the delisting will be accompanied by a pro rata offer (“the offer”) to be made by the
company (or a subsidiary of the company) to all shareholders to acquire their shares for a consideration comprising cash of 36
cents per CEL share or 1 Ascension Properties Limited B unit for every 5 CEL shares held (which, based on a price of R2.00 per
Ascension B unit values a CEL share at 40 cents) (or a combination of cash and Ascension B units).

Discussions in this regard are ongoing and accordingly shareholders are advised to continue to exercise caution when dealing in
their shares in the company.

7 November 2012

Transaction sponsor
Java Capital

Date: 07/11/2012 05:14:00 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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