TKG - Telkom SA Limited - Renewal Of Cautionary Announcement
TKG
TKG
TKG - Telkom SA Limited - Renewal Of Cautionary Announcement
Telkom SA Limited
(Registration number 1991/005476/06)
JSE share code TKG
ISIN ZAE000044897
("Telkom" or the "Company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcements dated 14 October 2011,
21 November 2011, 12 December 2011, 27 January 2012, and 09 March 2012 regarding
a potential strategic venture ("Potential Strategic Venture") between Telkom and
KT Corporation (collectively "the Companies").
Shareholders are advised that the Companies have completed the diagnostic review
and harmonised their respective findings. The Companies are now in the process
of finalising the terms of the Potential Strategic Venture. Once the terms have
been agreed, the Companies will present the Potential Strategic Venture to their
respective boards of directors for approval before engaging with key
stakeholders and presenting the terms of the Potential Strategic Venture to
Telkom shareholders for approval.
Shareholders are once again advised that whilst discussions regarding the
Potential Strategic Venture are ongoing, there is still no certainty that a
formal transaction will be proposed or concluded. Accordingly, shareholders are
advised to continue exercising caution when trading in the Company`s securities
until a further announcement is made.
For enquiries
Telkom: Robin Coode (Investor Relations)
Tel: +27 (0)12 311 6081
Pynee Chetty (Media)
Tel: +27 (0)12 311 5247
Pretoria
25 April 2012
Lead financial advisor and transaction sponsor to Telkom
Deutsche Bank
Sponsor to Telkom
UBS South Africa (Pty) Ltd
Date: 25/04/2012 07:05:03 Produced by the JSE SENS Department.
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