| Wed 9 Apr 2008, 7:59 | | TKG - Telkom SA Limited - Offers received by the T |
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TKG
TKG
TKG - Telkom SA Limited - Offers received by the Telkom board
Telkom SA Limited
(Registration number: 1991/005476/06)
(ISIN number: ZAE000044897)
JSE and NYSE share code: TKG
("Telkom" or "the company")
Offers received by the Telkom Board
Arising from a request for information by a shareholder, and the provision of
such information by the company, Telkom hereby provides the requested
information to all shareholders as follows:
- Oger Telecoms has submitted two non binding letters expressing an interest
in acquiring Telkom. Both letters clearly state that they have been
submitted on a confidential basis, are not binding and should not be
construed as a firm intention to make an offer as described in Rule 2.3 of
The Securities Regulation Code on Takeovers and Mergers ("Code");
- The interest expressed by Oger Telecoms did not embody an offer which could
be put before shareholders and, as previously announced, was evaluated by
the Board which decided it would not be in the best interests of Telkom
shareholders;
- To date, Telkom has not received any further expressions of interest as
speculated in the press or any offer which it is required to place before
its shareholders.
- If any firm offer is received which is capable of being implemented,
Telkom, will as required in terms of the Code, place such offer before
shareholders.
9 April 2008
Pretoria
Sponsor: UBS South Africa
Special note regarding forward-looking statements
Many of the statements included in this announcement constitute or are based on
forward looking statements within the meaning of the U.S. Private Securities
Litigation Reform Act of 1995, specifically Section 27A of the U.S. Securities
Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of
1934, as amended. All statements, other than statements of historical facts,
including, among others, statements regarding our future financial position and
plans, strategies, objectives, capital expenditures, projected costs and
anticipated cost savings and financing plans, as well as projected levels of
growth in the communications market, are forward looking statements. Forward
looking statements can generally be identified by the use of terminology such as
"may", "will", "should", "expect", "envisage", "intend", "plan", "project",
"estimate", "anticipate", "believe", "hope", "can", "is designed to" or similar
phrases, although the absence of such words does not necessarily mean that a
statement is not forward looking. These forward looking statements involve a
number of known and unknown risks, uncertainties and other factors that could
cause our actual results and outcomes to be materially different from historical
results or from any future results expressed or implied by such forward looking
statements. We caution you not to place undue reliance on these forward looking
statements. All written and oral forward looking statements attributable to us,
or persons acting on our behalf, are qualified in their entirety by these
cautionary statements. Moreover, unless we are required by law to update these
statements, we will not necessarily update any of these statements after the
date of our most recent annual report on Form 20-F filed with the US Securities
and Exchange Commission (SEC), either to conform them to actual results or to
changes in our expectations.
Telkom SA Limited filed an annual report on Form 20-F with the US SEC, for the
year ended March 31, 2007 on July, 17, 2007. This annual report includes a
detailed description of risk factors that may affect its business. For further
information you should refer to the Form 20-F and other filings with the US SEC,
which are available on Telkom`s investor relations website at
www.telkom.co.za/ir.
Date: 09/04/2008 07:59:50 Produced by the JSE SENS Department.
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