PGR - Peregrine Holdings Limited - Withdrawal of Interest in Acquiring the
PGR
PGR
PGR - Peregrine Holdings Limited - Withdrawal of Interest in Acquiring the
Issued Shares Of Peregrine
Peregrine Holdings Limited
(Registration number 1994/006026/06)
("Peregrine" or "the company")
JSE code: PGR & ISIN code: ZAE000078127
WITHDRAWAL OF INTEREST IN ACQUIRING THE ISSUED SHARES OF PEREGRINE
Shareholders are referred to the cautionary announcements published on 5
September and 20 October 2008 and the further SENS announcement published on 26
November 2008 in which shareholders were advised that:
- a consortium, including members of management led by the company`s
chairman, Mr Sean Melnick, had submitted to the company a non-binding
expression of interest for the acquisition of the entire issued share
capital of Peregrine;
- the board had agreed to grant the consortium the right to undertake a due
diligence investigation which was expected to commence in January 2009.
The board has today received written notice that the consortium has resolved to
withdraw its expression of interest and accordingly the due diligence will not
take place.
9 January 2009
Sponsor
Java Capital (Proprietary) Limited
Date: 09/01/2009 14:52:25 Produced by the JSE SENS Department.
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