Views Article – Sharenet Wealth

Africa, News

Tongaat Hulett, KLL Refer MAC Dispute To Independent Third Party

July 7 (Reuters) – Tongaat Hulett Ltd:

* APPOINTMENT OF THE INDEPENDENT THIRD PARTY

* COMPANY REMAINS FIRMLY OF VIEW THAT A MAC HAS NOT OCCURRED.

* TONGAAT AND KLL GROUP HAVE NOW REFERRED DISPUTE AS TO WHETHER A MAC OCCURRED FOR DETERMINATION BY ROTHSCHILD AND CO SOUTH AFRICA

* REMAINS FULLY COMMITTED TO FULFILMENT OF SUSPENSIVE CONDITIONS AND IMPLEMENTATION OF DISPOSAL.

* ANTICIPATED THAT INDEPENDENT THIRD PARTY WILL DELIVER ITS DETERMINATION ON OR ABOUT 21 SEPTEMBER 2020

* ABSENT MANIFEST ERROR OR FRAUD, DETERMINATION OF INDEPENDENT THIRD PARTY WILL BE FINAL AND BINDING. Source text for Eikon: Further company coverage:


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