ESR - Esorfranki Limited - Potential acquisition and further cautionary Release Date: 01/12/2011 09:06:01 Code(s): ESR
ESR - Esorfranki Limited - Potential acquisition and further cautionary
(Incorporated in the Republic of South Africa)
(Registration number: 1994/000732/06)
JSE code: ESR
("Esorfranki" or "the company")
POTENTIAL ACQUISITION AND FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement dated 20 October
2011 and are advised that Esorfranki is involved in negotiations regarding
the acquisition of the business of a Development Company who has the
development rights as the "turnkey developer/contractor" for an integrated
mixed-use, affordable housing development on approximately 237 ha of land
that ultimately will yield approximately 7 700 residential units as well as
commercial, social, educational and medical facilities.
If successfully concluded the acquisition may impact on the price of the
Accordingly, shareholders are advised to continue exercising caution when
dealing in the company`s securities until a further announcement is made.
1 December 2011
Vunani Corporate Finance
Date: 01/12/2011 09:06:01 Supplied by www.sharenet.co.za
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