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W G WEARNE LIMITED - Update on the disposal of Muldersdrift Quarry and cautionary announcement

Release Date: 18/04/2019 08:27
Code(s): WEA     PDF:  
 
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Update on the disposal of Muldersdrift Quarry and cautionary announcement

W G WEARNE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1994/005983/06)
(Share Code: WEA ISIN Code: ZAE000078002)
(“Wearne” or “the Company” or “the Group’’)

UPDATE ON THE DISPOSAL OF MULDERSDRIFT QUARRY AND CAUTIONARY
ANNOUNCEMENT

Shareholders are referred to the announcement dated 30 January 2019 regarding the term
sheet entered into with Furness Investments (Pty) Limited and AGW Trading (Pty) Limited
(collectively “the AGW Consortium”) to dispose of the property and certain assets of the
Muldersdrift Quarry (“Muldersdrift Quarry”).

The period of exclusivity has now lapsed between the AGW Consortium and the Company.

In the meantime, Wearne has been approached by other parties interested in purchasing the
Muldersdrift Quarry and are in negotiations with these parties including the AGW
Consortium. Accordingly shareholders are advised to exercise caution when dealing in the
Company’s securities until a full announcement is made.




Randfontein
18 April 2019


Designated adviser
Exchange Sponsors

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