ESORFRANKI LIMITED - Withdrawal of the cautionary announcementRelease 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
(“Esorfranki” or “the company”)
WITHDRAWAL OF THE CAUTIONARY ANNOUNCEMENT
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announcement is accordingly withdrawn.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
Date: 24/06/2013 12:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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