CYB - Cyberhost Limited - Renewal of cautionary an
CYB
CYB
CYB - Cyberhost Limited - Renewal of cautionary announcement
CYBERHOST LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/013649/06)
Share code: CYB & ISIN Code: ZAE000017471
("Cyberhost" or "company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcements dated 03 August 2007 and 14 September
2007, shareholders are advised that Cyberhost has entered into negotiations for
the acquisition of Queensgate Leisure Holdings (Proprietary) Limited
("Queensgate") for a purchase consideration of R190 million. Queensgate is a
hotel and leisure company, which holds strategic interests in, the Radisson
Hotel (Waterfront Cape Town), the Park Inn Hotel (Cape Town), the Hollow hotels,
amongst others. Revenue is derived from, inter alia, hotel operations and
management fees.
The transaction is with related parties, will constitute a reverse listing and
will require both JSE and shareholder approval. Further announcements will be
made in due course once agreements have been signed. Accordingly shareholders
are advised to continue to exercise caution when dealing in the company`s
securities until a full announcement is made.
Johannesburg
08 October 2007
Sponsors
Arcay Moela Sponsors (Proprietary) Limited
Date: 08/10/2007 17:01:01 Produced by the JSE SENS Department.
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