WEA - Wearne - Successful Conclusion of the Tzanee
WEA
WEA
WEA - Wearne - Successful Conclusion of the Tzaneen Quarry (Pty) Limited
Acquistion and update on Willowsfountain Quarry (Pty) Limited
Acquistion
W G WEARNE LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1994/005983/06)
(JSE code: WEA ISIN: ZAE000078002)
("Wearne" or "the company")
SUCCESSFUL CONCLUSION OF THE TZANEEN QUARRY (PTY) LIMITED ACQUISTION AND
UPDATE ON WILLOWSFOUNTAIN QUARRY (PTY) LIMITED ACQUISTION
Shareholders are referred to the announcement dated 23 April 2007 and 30 May
2007 in which it was announced that subject to the fulfilment of certain
conditions, Wearne has purchased the businesses and certain specific assets of
Tzaneen Quarry (Pty) Limited ("the Tzaneen business") and Willows fountain
Quarry (Pty) Limited ("the Willows fountain business").
Shareholders are advised that an addendum to the sale agreements for the
Tzaneen and Willowsfountain acquisitions was signed and that the acquisitions
are no longer interdependent.
Shareholders are advised that all conditions precedent on the Tzaneen
acquisition have been fulfilled and the acquisition has become unconditional.
The remaining conditions precedent to which the Willows fountain business
remain subject to the cession, assignment and delegation of rights and
obligations under the existing Premises Leases.
Shareholders will be notified once the acquisition of the Willows fountain
business becomes unconditional.
Johannesburg
10 August 2007
Designated adviser Exchange Sponsors
Attorneys Fluxmans Attorneys
Date: 10/08/2007 16:04:52 Produced by the JSE SENS Department.
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