RAH - Real Africa Holdings Limited - Withdrawal of cautionary announcement
RAH
RAH
RAH - Real Africa Holdings Limited - Withdrawal of cautionary announcement
REAL AFRICA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/003919/06)
Share code: RAH ISIN: ZAE000008702
("RAH")
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 18 April 2011 shareholders of
RAH are referred to the announcements released by Sun International Limited
("Sun International") ("Sun International announcement") and Grand Parade
Investments Limited ("GPI") on the Securities Exchange News Service on 16 May
2011 setting out the terms of a restructure of Sun International and GPI`s
common interests in certain Sun International subsidiaries, one of which is
RAH ("the Proposed Restructure").
The Proposed Restructure may result in Sun International (through its wholly
owned subsidiary Sun International (South Africa) Limited ("SISA")) making an
offer to acquire all of the shares in RAH which Sun International does not
already own ("RAH Conditional Offer"). The making of the RAH Conditional
Offer will be subject to the fulfillment of the pre-condition that by no
later than 15 December 2011 (or such other date as may be agreed to between
Sun International and GPI) the transaction agreements providing for the
Proposed Restructure are signed and become unconditional in accordance with
their terms.
The Sun International announcement does not constitute a firm intention to
make an offer for the RAH shares nor does it imply that a firm intention to
make such an offer is imminent, as contemplated in Chapter 5 of the Companies
Regulations, 2011, promulgated under the Companies Act. Should a firm
intention to make an offer be received by the RAH Board of directors,
shareholders will be notified of the terms thereof.
Accordingly shareholders are advised that the cautionary announcement has
been withdrawn.
Sandton
16 May 2011
Sponsor
(Investec Bank logo)
Date: 16/05/2011 09:00:01 Produced by the JSE SENS Department.
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