KDV - KayDav Group Limited - Renewal of cautionary announcement
KDV
KDV
KDV - KayDav Group Limited - Renewal of cautionary announcement
KAYDAV GROUP LIMITED
Incorporated in the Republic of South Africa
(Registration number 2006/038698/06)
JSE code: KDV & ISIN: ZAE000108940
("KayDav" or "the company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
On 28 January 2009 a cautionary announcement was released by the company
relating to the proposed disposal of KayDav`s operations to a management-led
consortium ("the consortium") and an offer to be made by KayDav to KayDav
shareholders to repurchase KayDav shares for a buyback consideration of 38 cents
per share (the "proposed transaction").
The consortium has informed KayDav that the consortium is well advanced in
finalising its finance arrangements to permit the consortium to consummate a
binding legal agreement with KayDav for the implementation of the proposed
transaction (which agreement will be conditional on shareholder and other
regulatory approvals).
Pending further announcements, shareholders are advised to continue to exercise
caution in dealing with their KayDav shares.
Rosebank
23 April 2009
Sponsor, Corporate Advisor and Legal Advisor
Java Capital (Proprietary) Limited
Date: 23/04/2009 14:52:01 Produced by the JSE SENS Department.
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