BEG - Beige Holdings Limited - Further cautionary announcement regarding a
BEG
BEG
BEG - Beige Holdings Limited - Further cautionary announcement regarding a
potential change in control
BEIGE HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/006871/06)
("Beige" or "the Company")
ISIN Code: ZAE000034161 Share code: BEG
FURTHER CAUTIONARY ANNOUNCEMENT REGARDING A POTENTIAL CHANGE IN CONTROL
Further to the cautionary announcement dated 19 October 2011, shareholders are
advised that the board of directors has received notice that The Lion Match
Company (Proprietary) Limited, a BBBEE company, has entered into an agreement to
acquire the shareholding from Thebe Investment Corporation (Pty) Ltd comprising
562 841 737 ordinary shares in Beige. This will constitute a shareholding in
excess of 35% of the entire issued ordinary share capital of the Company, net of
treasury shares. The agreement is subject to a number of conditions precedent.
This agreement may result in a change in control as defined in the Companies Act
71 of 2008 and may result in a mandatory offer to minority ordinary shareholders
in Beige as well as a comparable offer to preference shareholders in Beige and
to minority ordinary shareholders in Beige`s subsidiaries, in accordance with
the requirements of the Takeover Regulation Panel.
Accordingly, both ordinary and preference shareholders in Beige are advised to
exercise caution when dealing in the Company`s securities until a further
announcement is made.
Johannesburg
2 November 2011
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 02/11/2011 16:23:02 Produced by the JSE SENS Department.
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