CARGO CARRIERS LIMITED - Renewal of Cautionary Announcement

Release Date: 25/07/2018 17:05
Code(s): CRG
 
Wrap Text
Renewal of Cautionary Announcement

CARGO CARRIERS LIMITED
(Registration Number 1959/003254/06)
Share code: CRG
ISIN: ZAE000001764
("Cargo Carriers" or "the Company")


RENEWAL OF CAUTIONARY ANNOUNCEMENT


Shareholders are referred to the cautionary announcement dated 1 February 2018 in which they
were advised that the Company has received a non-binding expression of interest (“EOI”), which
could possibly result in an offer being made to shareholders, and to the subsequent renewal of
cautionary announcements, the last of which was dated 14 June 2018.

Discussions with the interested party, Cargo Carriers Holdings (Pty) Ltd (“CCH”) – which currently
owns 61.11% of the issued share capital of the Company – are continuing, but do not, at present,
represent a firm intention by CCH to make an offer in terms of the Companies Act, 2008.

Shareholders are accordingly advised to continue to exercise caution when dealing in their shares
until a further announcement in this regard is made.

By order of the Board
Johannesburg

25 July 2018

Sponsor
Arbor Capital Sponsors Proprietary Limited

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