| Wed 26 Oct 2011, 7:05 | | TSX - Trans Hex Group Limited - Renewal of cautionary announcement |
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TSX
TSX
TSX - Trans Hex Group Limited - Renewal of cautionary announcement
relating to the acquisition of Namaqualand Mines
Trans Hex Group Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1963/007579/06)
Share code: TSX
ISIN: ZAE000018552
("Trans Hex" or "the Company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT RELATING TO THE ACQUISITION OF
NAMAQUALAND MINES
Shareholders are referred to the cautionary announcements, dated 6 May
2011, 21 June 2011, 2 August 2011 and 13 September 2011, in which Trans
Hex announced that an agreement had been signed with De Beers
Consolidated Mines Limited ("DBCM") in terms of which, subject to
certain conditions precedent, its 50% held joint venture company,
Emerald Panther Investments 78 (Proprietary) Limited, will acquire
assets and liabilities of Namaqualand Mines, a division of DBCM ("the
Proposed Transaction").
STATUS OF THE NAMAQUALAND MINES TRANSACTION
The proposed acquisition remains subject to a number of conditions
precedent being met, including all necessary statutory and regulatory
approvals.
The following conditions have been met, as at 17 October 2011:
* unconditional written approval of the relevant Competition
Authorities in terms of the Competition Act, No 89 of 1998;
and
* approval of the transaction by the shareholders and the board
of directors of DBCM.
Additional information on the transaction is available on the Company`s
website on www.transhex.co.za.
Shareholders are advised that Trans Hex is still finalising certain
aspects of the Proposed Transaction and that they should accordingly
continue to exercise caution when dealing in the Company`s securities
until full details have been announced.
For and on behalf of the board
Cape Town
26 October 2011
Transactional Advisor
QuestCo (Pty) Limited
Transactional Sponsor
QuestCo Sponsors (Pty) Limited
Transactional Attorneys to Trans Hex
Bowman Gilfillan Inc
JSE Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 26/10/2011 07:05:01 Produced by the JSE SENS Department.
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