| Thu 31 Jan 2008, 8:59 | | GDF - Gold Reef Resorts - Agreement On Extension Of Deadline Date For |
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GDF
GDF
GDF - Gold Reef Resorts - Agreement On Extension Of Deadline Date For
Conditions Precedent To Be Met
Gold Reef Resorts Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/002108/06)
JSE share code: GDF
ISIN: ZAE000028338
("Gold Reef")
AGREEMENT ON EXTENSION OF DEADLINE DATE FOR CONDITIONS PRECEDENT TO BE MET
Further to the announcement on Monday, 21 January 2008, Gold Reef shareholders
("Shareholders") are reminded that the scheme of arrangement (the "Scheme") in
terms of section 311 of the Companies Act (61 of 1973, as amended), proposed
by Fluxrab Investments No 159 (Proprietary) Limited ("BidCo") between Gold
Reef and the Shareholders, other than Aldiss Investments (Proprietary) Limited
(a wholly-owned subsidiary of Gold Reef and the holder of 14 427 602 treasury
shares) ("Aldiss"), in terms of which BidCo seeks to acquire all the Gold Reef
shares held by shareholders, other than Aldiss ("the Offer") is subject to the
fulfilment, or where permissible waiver, of all conditions precedent thereto
by Thursday, 31 January 2008 ("deadline date"), provided that Gold Reef and
BidCo shall be entitled to extend this date by agreement at any time before
Thursday, 31 January 2008.
Shareholders are advised that Gold Reef and BidCo agreed on Wednesday, 30
January 2008 to extend the deadline date until 5pm on Friday, 1 February 2008
or such further date which Gold Reef and BidCo may agree on or before 5pm on
Friday, 1 February 2008. The remaining terms of the Offer remain unchanged.
A further announcement will be made informing Shareholders whether or not Gold
Reef and Bidco agree to further extend the deadline date.
Johannesburg
31 January 2008
Financial advisor and transaction sponsor to Gold Reef
Merrill Lynch South Africa (Proprietary) Limited
Sponsor to Gold Reef
Nedbank Capital
Date: 31/01/2008 08:59:11 Produced by the JSE SENS Department.
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