SAN - Sanyati - Update On Acquisition Of Meyker Group
SAN
SAN
SAN - Sanyati - Update On Acquisition Of Meyker Group
SANYATI HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number: 1988/002538/06)
(JSE code: SAN & ISIN: ZAE000081055)
("Sanyati" or "the company")
UPDATE ON ACQUISITION OF MEYKER GROUP
Shareholders are referred to the announcement released on SENS on 4 December
2007 in which it was announced that subject to the fulfilment of certain
conditions, Sanyati has purchased all the issued shares in and claims on
loan account against Meyker Construction (Pty) Limited and Meyker Re Teng
Construction (Pty) Limited.
Shareholders are advised that the due diligence investigation has been
completed to the satisfaction of Sanyati and the only outstanding condition
precedent is Competition Commission approval.
Shareholders will be notified once the acquisition has become unconditional.
Johannesburg
13 December 2007
Designated adviser Exchange Sponsors
Auditors PKF Chartered Accountants
Attorneys to Sanyati for Meyker Fluxmans Attorneys
Acquisition
Attorneys to vendors Prinsloo, Tindle & Andropoulos Inc
Azar & Havenga Attorneys
Competition Commission attorneys Deneys Reitz Attorneys
Date: 13/12/2007 13:16:30 Produced by the JSE SENS Department.
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