FPF - Finbond - Update Regarding The Acquisition By Finbond Of The Remaining 50%
FPF
FPF
FPF - Finbond - Update Regarding The Acquisition By Finbond Of The Remaining 50%
Shareholding In Its Subsidiary Blue Chip Finance No. 1 (Proprietary)
Limited ("Blue Chip") And Cautionary Announcement
Finbond Property Finance Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2001/015761/06)
Share code: FPF ISIN: ZAE000097259
("Finbond" or "the Company")
UPDATE REGARDING THE ACQUISITION BY FINBOND OF THE REMAINING 50% SHAREHOLDING IN
ITS SUBSIDIARY BLUE CHIP FINANCE NO. 1 (PROPRIETARY) LIMITED ("BLUE CHIP") AND
CAUTIONARY ANNOUNCEMENT
Finbond shareholders are referred to the announcement made by the Company on
23 April 2009 concerning the acquisition of the remaining 50% shareholding in
Blue Chip ("the agreement"). The conditions precedent to the agreement were not
fulfilled by the parties within the stipulated time periods and the agreement is
accordingly of no force or effect.
Finbond, however, continues to engage in negotiations with the other
shareholders in Blue Chip with a view to concluding a transaction that may have
a material effect on the price at which Finbond`s shares trade on the JSE
Limited. Shareholders are accordingly advised to exercise caution when dealing
in Finbond shares until a further announcement is made.
Pretoria
8 June 2009
DESIGNATED ADVISOR:
GRINDROD BANK LIMITED
Date: 08/06/2009 14:32:02 Produced by the JSE SENS Department.
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