MOB
MOB
MOB - Mobile - Cautionary Announcement
MOBILE INDUSTRIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1968/014997/06)
Share code: MOB
ISIN: ZAE000091435
("Mobile")
CAUTIONARY ANNOUNCEMENT
Mobile shareholders are advised that Mobile is considering the unbundling
("Unbundling") of its 46,25% shareholding in Trencor Limited ("Trencor").
The Unbundling is subject to various conditions precedent, including that a
specific buy-back by Trencor of approximately 50% of the Trencor shares that
will be held post the Unbundling by trusts related to Neil Jowell and Cecil
Jowell (directors of Mobile and Trencor), becomes unconditional in all respects
("Specific Buy-back"). In this regard Mobile shareholders are referred to the
cautionary announcement by Trencor today.
The proposed Unbundling and Specific Buy-back may have a material effect on the
price at which Mobile shares trade on the JSE Limited. Accordingly, Mobile
shareholders are advised to exercise caution when dealing in their shares until
a further announcement is made.
By order of the board
Mobile Industries Limited
Cape Town
18 October 2010
Investment bank and transaction sponsor
Investec Bank Limited
Sponsor
RAND MERCHANT BANK (a division of FirstRand Bank Limited)
www.mobile-industries.net
www.trencor.net
Date: 18/10/2010 15:00:01 Produced by the JSE SENS Department.
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