AME
AME
AME - AME`S Offer To Purchase A 24,9% Interest In Kaya FM From New Africa
Investments Limited ("Nail") & Withdrawal Of Cautionary Announcement
AFRICAN MEDIA ENTERTAINMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1926/008797/06)
Share code: AME & ISIN: ZAE000055802
("AME")
AME`S OFFER TO PURCHASE A 24,9% INTEREST IN KAYA FM FROM NEW AFRICA
INVESTMENTS LIMITED ("Nail"):
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Further to the initial cautionary announcement dated 13 July 2005 and the
last announcement dated 31 October 2007, shareholders are advised that the
Review at the instance of AME referred to in the latter announcement was
successful and the Competition Appeal Court has referred the matter back to
the Competition Tribunal for consideration.
The board remains confident that AME`s offer to purchase Nail`s interest in
Kaya FM will succeed, but in view of the anticipated additional time that
it will take for the matter to be finally resolved, the cautionary
announcement extending from 13 July 2005 is hereby withdrawn.
Shareholders will be kept informed of developments as and when they
materialise.
By order of the board
Houghton
28 November 2007
Sponsor
Arcay Moela
Arcay Moela Sponsors (Proprietary) Limited
(Registration number 2006/033725/07)
Date: 28/11/2007 13:29:25 Produced by the JSE SENS Department.
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