Excellerate - Withdrawal Of Cautionary Announcemen
EXCELLERATE HOLDINGS LIMITED
(Formerly CedarGro Holdings Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1997/009884/06)
("the company")
Withdrawal of Cautionary Announcement
Shareholders are referred to the further cautionary announcement published
on 25 May 2001 and are advised that the discussions referred to therein
related to a number of acquisition opportunities as well as negotiations
initiated by third parties who expressed interest in acquiring certain of
the company's businesses. It has been decided at this stage not to pursue
such negotiations any further. The company is continuing to explore some
exciting acquisition opportunities, but these initiatives remain at an early
stage. Accordingly, shareholders are no longer required to exercise caution
when dealing in the company's shares.
Sandton
13 July 2001
Investment bank and joint sponsor
Nedcor Investment Bank
Joint sponsor
ENF Sponsors (Pty) Ltd
(Registration number 2000/027636/07
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