The Cementation Company (Africa) Limited
(Incorporated in the Republic of South Africa)
(Registration number 1926/008840/06)
("Cementation")
Skanska Cementation International Holdings Limited
(Incorporated in the United Kingdom)
(Registration number 947434)
("Skanska")
RESULTS OF OFFER
1. Introduction
Further to the announcement dated 7 February 2001, Standard Corporate and
Merchant Bank is authorised to announce the results of the unconditional offer
by Skanska to the ordinary shareholders and the 6% preference shareholders of
Cementation to acquire all or part of their ordinary shares and/or 6%
preference shares in Cementation for a consideration of 240 cents per ordinary
share held and 130 cents per 6% preference share held. ("the offer").
2. Results of the offer
The offer, which closed for acceptance at 16:00 on Friday, 2 March 2001, was
accepted by ordinary shareholders holding 526 238 ordinary shares, representing
5.88% of Cementation's issued ordinary share capital and by 6% preference
shareholders holding 86 159 6% preference shares, representing 57.44% of
Cementation's issued 6% preference share capital.
As a result of the acceptances set out above, Skanska will become the
beneficial owner of 4 993 287 ordinary shares, representing 55.76% of the
issued ordinary share capital of Cementation and 86 159 6% preference shares,
representing 57.44% of the issued 6% preference share capital of Cementation.
Johannesburg
6 March 2001
Merchant banks to Skanska
Standard Corporate and Merchant Bank
(A division of The Standard Bank
of South Africa Limited)
(Registration number 1962/000738/06)
Standard Bank London Limited
(Registration number 2130447)
Regulated by the Securities and Futures Authority Limited
Member of the London Stock Exchange
Corporate law advisors and consultants to Cementation
Edward Nathan and Friedland (Proprietary) Limited
(Registration number 1999/026464/07)
Merchant bank to Cementation
Rand Merchant Bank Corporate Finance
A Division of FirstRand Bank Limited
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
