MDM Growth Investments Limited
(Registration number 1982/005758/06)
(Incorporated in the Republic of South Africa)
("MDM")
Cautionary Announcement
Shareholders are referred to the MDM unaudited interim report at 31 August
2000, published on 2 November 2000, in which shareholders were advised that the
directors of MDM were considering the appropriateness of MDM maintaining its
listing on the JSE Securities Exchange South Africa.
Further thereto, MDM shareholders are now advised that negotiations are taking
place between the controlling consortium of MDM and Nedcor Investment Bank
Limited which may result in an offer being made for the shares held by the
minority shareholders in MDM at an indicative offer price of R2,00 per share,
accompanied by an option for minority shareholders to convert their current
shareholding in MDM into an investment in a new unlisted entity to be
established.
Until a firm intention to make an offer has been received by the board of MDM
and an announcement made in this regard, shareholders of MDM are advised to
exercise caution when dealing in their MDM shares.
Johannesburg
12 February 2001
Investment bank
Nedcor Investment Bank
Corporate law advisers and consultants
Edward Nathan & Friedland (Pty) Ltd
(Registration number 1999/026464/07)
Corporate adviser and sponsor
Sasfin Bank Limited
(Registration number 1951/002280/06)
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
