ERM
ERM
ERM - Enterprise Risk Management Limited - Increase of Offer Price
Enterprise Risk Management Limited
Incorporated in the Republic of South Africa
(Registration number: 1995/001603/06)
Share code: ERM & ISIN: ZAE000037701
("ERM" or "the company")
INCREASE OF OFFER PRICE
ERM shareholders are referred to the announcement published on 4 June 2009
relating to the results of the Scheme Meeting, the revised details of the offer
to minority shareholders ("the offer"), and the proposed delisting of ERM from
the JSE Limited ("JSE").
Shareholders are advised that on 17 June 2009 Mr Mark Stein, who is the offeror
in terms of the offer, purchased a further 277 500 ERM shares in the market at
150 cents per share. Accordingly, in terms of the requirements of the Securities
Regulation Code on Takeovers and Mergers, Mr Stein has increased the offer from
130 cents per share to 150 cents per share. Appropriate proof of funding has
already been lodged by Mr Stein with the Securities Regulation Panel.
Irrevocable undertakings to vote in favour of the delisting have been obtained
from the holders of in excess of 50% of minority shares entitled to vote at the
general meeting of shareholders to consider the delisting of ERM.
Shareholders are reminded that a circular containing particulars of the proposed
delisting and the offer is in the course of preparation and will, subject to
regulatory approvals, be posted to shareholders in due course.
18 June 2009
Sponsor
Sasfin Capital
(a division of Sasfin Bank Limited)
Date: 18/06/2009 17:20:01 Produced by the JSE SENS Department.
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