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ADCOCK INGRAM HOLDINGS LIMITED - Cautionary Announcement

Release Date: 09/05/2013 15:00
Code(s): AIP     PDF:  
Wrap Text
Cautionary Announcement

Adcock Ingram Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 2007/016236/06
Share code: AIP
ISIN: ZAE000123436
(“Adcock Ingram” or “the Company”)

CAUTIONARY ANNOUNCEMENT

Shareholders are advised that the board of directors of Adcock
Ingram ("the Board") is in receipt of non-binding proposals
("Proposals") regarding potential transactions that would, if
implemented, result in an offer being made to Adcock Ingram
shareholders to acquire 100% of or a controlling interest in the
Company's securities.

The Board has previously stated that it will consider any proposal,
made in good faith, which could serve to create value for Adcock
Ingram shareholders and promote the interests of the Company. In
this regard, the Board and management continue to explore all
opportunities to create value for Adcock Ingram shareholders whilst
remaining focused on executing the Company’s strategic plans.

The Board, together with its advisers, are evaluating the Proposals.
Shareholders are cautioned that there is no certainty at this stage
that the Proposals will lead to a formal transaction either being
proposed or concluded.

In the interests of transparency and certainty, the Board advises
shareholders that no new proposal has been received from The Bidvest
Group Limited since its original proposal, submitted to the Board on
22 March 2013, which lapsed on 2 April 2013.

Shareholders are advised to exercise caution when dealing in the
Company’s securities until a further announcement is made.

For media enquiries:
Brunswick
Tel: +27 11 502 7300
Carol Roos
+27 72 690 1230
Marina Bidoli
+27 83 253 0478

Midrand
9 May 2013

Sponsor
Deutsche Securities (SA) Proprietary Limited

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