UTR/SHF - Unitrans/Steinhoff - Disposal by Unitran
SHF UTR
SHF UTR
UTR/SHF - Unitrans/Steinhoff - Disposal by Unitrans of its entire business as a
going concern to a subsidiary of Steinhoff
UNITRANS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1967/003403/06)
Share code: UTR & ISIN: ZAE000007670
("Unitrans" or "the company")
STEINHOFF INTERNATIONAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1998/003951/06)
Share code: SHF & ISIN: ZAE000016176
("Steinhoff")
Disposal By Unitrans Of Its Entire Business As A Going Concern To A Subsidiary
Of Steinhoff
Shareholders are referred to the circular to Unitrans shareholders dated 22
March 2007 and the joint announcement dated 23 March 2007 wherein details of the
disposal by Unitrans of its entire business as a going concern to a subsidiary
of Steinhoff ("the disposal") and ancillary transactions were set out.
Unitrans shareholders holding 30 447 478 ordinary shares in Unitrans accepted
the initial share exchange offer in terms of which Unitrans shareholders could
dispose of their Unitrans shares to Steinhoff in exchange for Steinhoff shares,
in the ratio of 2 Steinhoff shares for each Unitrans share held on Friday, 4 May
2007 ("the initial share exchange offer").
As a consequence, the JSE has approved the listing of an additional 60 894 956
ordinary shares in the share capital of Steinhoff with effect from the
commencement of trade on Monday, 7 May 2007.
Further details relating to the ultimate share exchange, the termination of
Unitrans` listing and the winding-up of Unitrans will be released in due course.
Johannesburg
7 May 2007
Corporate adviser and sponsor
PSG Capital
Date: 07/05/2007 11:14:01 Produced by the JSE SENS Department.
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