WIL - Wilderness Holdings Limited - Further cautionary announcement and company
WIL
WIL
WIL - Wilderness Holdings Limited - Further cautionary announcement and company
update
Wilderness Holdings Limited
(Incorporated in Botswana on 23 February 2004)
(Registration number 2004/2986)
(Registered as an external company in South Africa on 27 November 2009)
ISIN: BW0000000868
Share code: WIL
("Wilderness" or the "Company")
FURTHER CAUTIONARY ANNOUNCEMENT AND COMPANY UPDATE
Shareholders are referred to the cautionary announcement dated Friday, 30 April
2010, in which shareholders were advised of a transaction that could potentially
affect the Company`s share price. Shareholders are further advised that the
transaction pertains to the sale, by an associated company of the Wilderness
Group, of North Island situated in the Seychelles. This transaction is subject
to a number of conditions precedent.
Until these conditions have been fulfilled, periodic cautionary announcements
shall be made pending the release of a detailed announcement. Accordingly,
shareholders are advised to continue exercising caution when dealing in their
Wilderness shares until such time as a full announcement is made.
In addition, the directors are pleased to announce that Wilderness has concluded
a joint venture agreement in respect of Duba Plains camp in Botswana. In terms
of this agreement the camp will continue to be marketed by Wilderness Safaris
(Pty) Ltd but henceforth will be managed by Great Plains Conservation. The
assets of the business have been sold and the proceeds of US$4.5 million were
received today (14 May 2010) thus improving the Group`s cash resources and
balance sheet accordingly.
Botswana
14 May 2010
BSE sponsor
Capital Securities (A member of the Botswana Stock Exchange)
JSE sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 14/05/2010 15:38:15 Produced by the JSE SENS Department.
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