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EVRAZ HIGHVELD STEEL & VANADIUM LTD - Renewal of Existing Cautionary

Release Date: 30/01/2014 10:05
Code(s): EHS     PDF:  
Wrap Text
Renewal of Existing Cautionary

EVRAZ Highveld Steel and Vanadium Limited
Registration number: 1960/001900/06
(Incorporated in the Republic of South Africa)
Share code: EHS ISIN ZAE000146171
(“EVRAZ Highveld” or “the Company”)


Further renewal of existing cautionary announcement


Further to the cautionary announcement released by EVRAZ Highveld Steel and Vanadium Limited
(“the Company”) on SENS on 27 March 2013, the further cautionary announcement dated 28
March 2013 and the renewal of the aforesaid cautionary announcements dated 6 May 2013, 20
June 2013, 1 August 2013, 3 September 2013, 16 October 2013, 27 November 2013 and 19
December 2013 shareholders are advised that negotiations are still in progress between EVRAZ
plc (LSE: EVR) ("EVRAZ") and a black economic empowerment consortium represented by
Nemascore (Pty) Ltd (“Nemascore”) which, if successfully concluded, will result in the sale of
EVRAZ’s 85% stake in the Company to Nemascore (the "Transaction").          The Transaction is
expected to be concluded towards the end of Q1 2014 and may have a material effect on the price
of the Company’s securities.


Shareholders are advised that a Non-disclosure Agreement has been concluded between the
Company and Nemascore and that the due diligence process is still progressing.


Accordingly, shareholders are advised to continue exercising caution when dealing in the
Company’s securities until a further announcement is made.


eMalahleni
30 January 2014



Sponsor
J.P. Morgan Equities South Africa (Pty) Ltd

Date: 30/01/2014 10:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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