KGM - Kagiso Media Limited - Further cautionary announcement
KGM
KGM
KGM - Kagiso Media Limited - Further cautionary announcement
Kagiso Media Limited
(Incorporated in the Republic of South Africa)
(Registration number 1957/000036/06)
Share code KGM ISIN ZAE000014007
("Kagiso Media" or "the company")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 11 August 2011 shareholders are
advised that Kagiso Media has accepted an offer to sell its shares and claims
in LexisNexis (Proprietary) Limited ("LexisNexis") for the sum of R 565 million.
The transaction is, however, subject to completion of a due diligence exercise,
regulatory approvals and the finalisation of the sale of shares agreement. It is
intended that prior to 30 September 2011 LexisNexis will declare and pay a
dividend to its current shareholders of R53.9 million
The completion date for the transaction is anticipated to be 30th October 2011.
Accordingly, shareholders are advised to continue exercising caution when
dealing in the company`s securities until a further detailed announcement is
made.
22 SEPTEMBER 2011
Johannesburg
Sponsor:
Investec Bank Limited
Date: 22/09/2011 16:40:02 Produced by the JSE SENS Department.
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