ILA - Iliad - Withdrawal Of Cautionary Announcemen
ILA
ILA
ILA - Iliad - Withdrawal Of Cautionary Announcement
Iliad Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number 1997/011938/06)
Share code: ILA & ISIN: ZAE000015038
("Iliad")
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Further to the last cautionary announcement released on the Securities
Exchange News Service of the JSE Limited on Thursday, 23 August 2007,
shareholders of Iliad are advised that discussions with respect to the
unsolicited proposed offer from a consortium led by Absa Capital Equity
Investments ("the consortium"), for the entire issued share capital of
Iliad, have been terminated.
In terminating discussions, the consortium indicated that its decision did
not reflect in anyway on its perception of the underlying value of Iliad,
but that the capital structure that had been contemplated for the
implementation of the proposed transaction would not be feasible.
Shareholders are therefore advised that caution is no longer required when
dealing in the shares of Iliad.
Johannesburg
25 September 2007
Investment Bank and Sponsor
Standard Bank
Corporate law advisor
Tabacks
Sponsor
Bridge Capital Advisors
Date: 25/09/2007 08:26:13 Produced by the JSE SENS Department.
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