SBG - Simeka BSG - Withdrawal of cautionary and fu
SBG
SBG
SBG - Simeka BSG - Withdrawal of cautionary and further cautionary announcement
SIMEKA BSG LIMITED
(Incorporated in the Republic of South Africa)
(Registration No. 2003/012583/06)
Share code: SBG & ISIN code: ZAE000074878
("Simeka BSG" or "the company")
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT AND FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement in respect of the
proposed merger of Simeka BSG and Sahara Holdings (Pty) Ltd, dated 27 August
2007 and are advised that the parties have, mutually, decided to cancel the
agreement in respect of the proposed merger.
Accordingly, the proposed merger will not be proceeding. However, the parties
have committed to identifying opportunities to work together in the future, with
a view to taking advantage of the synergies between their businesses.
FURTHER CAUTIONARY
With reference to the cautionary announcement dated 20 August 2007, regarding
the acquisition by the company of Premium Ideas (Pty) Ltd, shareholders are
advised to continue exercising caution when dealing in the company`s shares.
Rosebank
31 August 2007
Designated advisor
Java Capital (Proprietary) Limited
Date: 31/08/2007 12:32:01 Produced by the JSE SENS Department.
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