MTX
MEMTX
MTX - Metorex Limited - Cautionary announcement
METOREX LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1934/005478/06)
Share code: MTX
ISIN: ZAE000022745
Issuer code: MEMTX
("Metorex" or the "Company")
CAUTIONARY ANNOUNCEMENT
Metorex shareholders ("Shareholders") are advised that the board of directors of
Metorex (the "Board") has received an unsolicited, non-binding expression of
interest from a bona fide party (the "Alternate Party") to acquire the entire
issued share capital of Metorex. The expression of interest provides for
certain pre-conditions to be met before the Alternate Party will be prepared to
express a firm intention to make an offer, inter alia, a due diligence conducted
to the satisfaction of the Alternate Party. In compliance with the the Takeover
Regulations issued in terms of section 120 of the Companies Act, No. 71 of 2008,
and in order for the Board to comply with its fiduciary duties, the Board will
provide the Alternate Party with access to the same information as was provided
to Vale S.A.. However, Shareholders are further advised that there is currently
no certainty that Metorex will receive a firm intention to make an offer from
the Alternate Party.
Accordingly, Shareholders are advised to exercise caution when dealing in the
Company`s securities until a further announcement is made or this cautionary is
withdrawn.
Johannesburg
17 June 2011
Sponsor
One Capital
Date: 17/06/2011 07:16:01 Produced by the JSE SENS Department.
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