SBL - Sable Holdings - Lapse Of Option Agreement Between Sable And Enterprise
SBL
SBL
SBL - Sable Holdings - Lapse Of Option Agreement Between Sable And Enterprise
Risk Management ("ERM") And Further Cautionary Announcement
Sable Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1968/010636/06)
("Sable" Or "The Company")
SHARE CODE: SBL & ISIN: ZAE000006383
LAPSE OF OPTION AGREEMENT BETWEEN SABLE AND ENTERPRISE RISK MANAGEMENT ("ERM")
AND FURTHER CAUTIONARY ANNOUNCEMENT
Further to the previous announcements regarding a series of transactions
between Sable and ERM, the last of which was released on SENS on 31 October
2007, shareholders are advised that Sable and ERM are at an advanced stage of
discussions as regards an alternative proposal for effecting a merger of Sable
and ERM. In consequence, it has been agreed between Sable and ERM that ERM
will not exercise the option to subscribe for new shares in Sable (on the
terms of the option agreement detailed in the announcement published by ERM
dated 15 May 2007). As these discussions may have a material effect on the
price at which Sable shares trade, Sable shareholders are advised to continue
to exercise caution in dealing with their shares until a further announcement
is made in this regard.
JOHANNESBURG
30 November 2007
SPONSOR
SASFIN CAPITAL
(A DIVISION OF SASFIN BANK LIMITED)
Date: 30/11/2007 17:07:33 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
