SEP - Sephaku Holdings Limited - Further cautionary
SEP
SEP
SEP - Sephaku Holdings Limited - Further cautionary
Sephaku Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2005/003306/06)
Share code: SEP
ISIN: ZAE000138459
("Sephaku Holdings" or "the company")
Further cautionary
Shareholders are referred to the cautionary announcements dated 20 November 2009
and 7 January 2010 and to the announcement dated 1 February 2010 which included
information relating to the proposed restructuring of the Sephaku Holdings group
("the restructuring") and the funding of the cement manufacturing project, which
will be located near Lichtenburg ("the Aganang project"), and the cement
grinding plant, which will be located in Delmas ("the Delmas project"), both of
which are held by the company`s 80.2%-held subsidiary, Sephaku Cement (Pty)
Limited ("Sephaku Cement").
Shareholders are advised that details of the restructuring are still being
considered and that negotiations relating to the funding of the Aganang and
Delmas projects are progressing. In the meantime, Nedbank Capital, a division
of Nedbank Limited, has been appointed by Sephaku Cement as lead arranger for
the R1,8-billion project finance facilities required for the projects.
Shareholders should continue to exercise caution when dealing in their Sephaku
Holdings shares until a full announcement relating to these matters can be made.
Pretoria
15 March 2010
Sponsor
QuestCo Sponsors (Pty) Limited
Corporate advisor to Sephaku Cement
Capital Hill Corporate Finance (Pty) Limited
Date: 15/03/2010 14:00:02 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
