SEP - Sephaku Holdings Limited - Further cautionary announcement
SEP
SEP
SEP - Sephaku Holdings Limited - Further cautionary announcement
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 announcement
Shareholders are referred to the announcement dated 1 February 2010 relating to
the proposed restructuring of the Sephaku Holdings group ("the restructuring")
and to the announcements dated 1 June 2010 and 4 June 2010 which included
information relating to the heads of agreement concluded with Dangote Industries
Limited ("Dangote") in terms of which, inter alia, Sephaku Cement (Pty) Limited
("Sephaku Cement"), an 80.22% owned subsidiary of Sephaku Holdings, will issue
shares to Dangote, subject to various conditions precedent, in an aggregate
amount of R779 million for the funding of its cement project ("the Dangote
issue").
Shareholders are reminded that the company is still trading under a cautionary
and that, until an announcement providing additional and final details relating
to the restructuring and the Dangote issue, including the relevant financial
effects, is released, they should continue to exercise caution when dealing in
their Sephaku Holdings shares.
Pretoria
13 July 2010
Sponsor
QuestCo Sponsors (Pty) Limited
Corporate advisor to Sephaku Cement
Sasfin Capital
(A division of Sasfin Bank Limited)
Legal advisors to Sephaku Holdings
Cliffe Dekker Hofmeyr
Date: 13/07/2010 17:00:01 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
