GEN - Bond Exchange of South Africa - Further announcement relating to a firm
JSE
GEN
GEN - Bond Exchange of South Africa - Further announcement relating to a firm
intention by the JSE Limited to make an offer for the ordinary shares in BESA
Bond Exchange of South Africa Limited
(Incorporated in the Republic of South Africa)
Registration number 2007/034441/06
("BESA")
Further announcement relating to a firm intention by the JSE Limited to make an
offer for the ordinary shares in BESA
Further to the BESA announcement dated 27 October 2008 informing BESA
shareholders that the Board of BESA had received a firm intention from the JSE
Limited ("JSE") to make an offer to BESA shareholders for all of their BESA
ordinary shares, BESA shareholders are now advised that the Boards of BESA and
the JSE are in discussions regarding both the offer consideration for each BESA
ordinary share and various proposals on the structure of the offer ("the JSE
offer"). BESA shareholders will be advised as soon as the Board of BESA has
further details on the JSE offer.
BESA shareholders are further advised that following a request from BESA and the
JSE, the Securities Regulation Panel ("SRP") has agreed that the JSE does not
have to post an offer document to Shareholders on 26 November 2008. BESA
shareholders will be advised in due course of the posting date.
BESA shareholders are reminded that the Board of BESA has appointed Ernst &
Young Transaction Advisory Services, to provide the appropriate external advice
on the JSE offer, as required by the Securities Regulation Code and Rules of the
SRP.
BESA shareholders are therefore advised to continue exercising caution when
dealing in BESA ordinary shares.
Melrose Arch
Johannesburg
25 November 2008
Financial Advisors
Absa Capital
Legal Advisors
Edward Nathan Sonnenbergs Inc
Communication Advisors
Arcay Financial Communications
Date: 25/11/2008 14:02:01 Produced by the JSE SENS Department.
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