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ESORFRANKI LIMITED - Withdrawal of the cautionary announcement

Release Date: 24/06/2013 12:00:00      Code(s): ESR       PDF(s):  
Withdrawal of the cautionary announcement

(Incorporated in the Republic of South Africa)
(Registration number: 1994/000732/06)
JSE code: ESR
ISIN: ZAE000133369
(“Esorfranki” or “the company”)


Shareholders are referred to the initial cautionary announcement,
dated 23 August 2012, and the various renewals thereof, which
related to a proposal that a BEE Investment Consortium acquire an
aggregate 118 million Esorfranki ordinary shares to be subscribed
for and/or purchased via a specific issue of shares for cash and/or
a tender of shares from Esorfranki ordinary shareholders.

Shareholders are advised that the process set out above will no
longer be followed as various institutional shareholders will, via
an off-market transaction, now jointly sell 5.2 million Esorfranki
shares to the BEE Investment Consortium at R1.50 per share.

A further 10.8 million Esorfranki shares will be acquired by the
Esorfranki   Broad  Based   Ownership Scheme via  an   off-market
transaction, at R1.50 per share.

Having regard to the information set        out   above,   the   cautionary
announcement is accordingly withdrawn.

24 June 2013

Vunani Corporate Finance

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