ALERT STEEL HOLDINGS LIMITED - Further cautionary in respect of purchase of shares and further cautionary
AET 201303270046A
Further cautionary in respect of purchase of shares and further cautionary
Alert Steel Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 2003/005144/06)
(Share Code: AET ISIN Code: ZAE000092847)
("Alert Steel" or "the Company")
Further cautionary announcement in respect of purchase of shares in Alert Steel by
Cannistraro from Capital Africa Steel and further cautionary announcement
Shareholders are referred to the further cautionary announcement dated 26 March 2013
which, inter alia, referred to the purchase (the CAS Transaction) by Cannistraro
Investments 282 (Pty) Ltd (Cannistraro) of 47.5% of Alert Steels shares in issue
from Capital Africa Steel (Pty) Limited (CAS).
The CAS Transaction was subject to two conditions precedent being fulfilled, inter
alia approval of the CAS Transaction by the competition authorities within 45 days
of 8 February 2013.
Cannistaro and CAS have today entered into an agreement to extend the date of fulfilment
to 75 calendar days of 8 February 2013. To the extent that the CAS Transaction may have
lapsed by reason of the non-timeous fulfilment of the suspensive condition, the CAS
Transaction was reinstated on all of its terms and conditions, subject to the amendment
in respect of the date of fulfilment.
Shareholders are advised to continue exercising caution when dealing in the Companys
securities until further announcements have been made.
27 March 2013
Johannesburg
Designated Advisor
Exchange Sponsors
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