AVU - Avusa Limited - Renewal of cautionary announcement
AVU
AVU
AVU - Avusa Limited - Renewal of cautionary announcement
Avusa Limited
(Incorporated in the Republic of South Africa)
(Registration number 2008/002461/06)
JSE share code: AVU
ISIN: ZAE000115895
("Avusa")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcements dated 14 June
and 26 July 2010 ("the Announcements") containing details of the proposed
acquisition by Avusa of the entire issued share capitals of Universal Print
Group (Proprietary) Limited ("UPG") and Hirt & Carter (Proprietary) Limited
("H&C") from UHC Communications (Proprietary) Limited ("UHC"), as well as any
claims that UHC may have against UPG and H&C ("the Transaction").
The Announcements contained details of the suspensive conditions which
require fulfilment or waiver in order for the Transaction to be implemented.
The suspensive conditions included, inter alia, the conclusion, to the
satisfaction of Avusa, of a due diligence investigation in relation to UPG and
H&C, approval by the relevant competition authorities for the implementation
of the Transaction and the conclusion of a formal agreement to give effect
to the Transaction. The due diligence investigation has been finalised to the
satisfaction of Avusa, and the Competition Commission of South Africa has
approved the Transaction, with no conditions attached. The formal agreement
to give effect to the Transaction is in the process of being finalised.
As the formal agreement has not yet been concluded and as the pro forma
financial effects of the Transaction have not yet been announced, shareholders
are advised to continue to exercise caution when dealing in their Avusa shares
until a further announcement is made.
Johannesburg
6 September 2010
Investment bank, corporate adviser and sponsor
Nedbank Capital
Legal advisers
Werksmans Inc.
Date: 06/09/2010 08:00:02 Produced by the JSE SENS Department.
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