Update On The Proposed Acquisition Of Kagiso Media
Kagiso Media Limited
(Incorporated in the Republic of South Africa)
(Registration number 1957/000036/06)
("Kagiso Media" or "the Company")
New Africa Investments Limited
(Incorporated in the Republic of South Africa)
(Registration number 1993/002467/06)
("Nail")
Update on the Proposed Acquisition of Kagiso Media by Nail
Further to the announcement dated 25 May 2001 ("the announcement"), Kagiso
Media shareholders are advised that:
* the due diligence of Kagiso Media has been completed to the satisfaction
of Nail and therefore this condition precedent has now been fulfilled;
* a formal sale agreement is in the process of being finalised and should be
concluded within the next two weeks;
* a circular containing full information of the proposed transaction and
notice convening a general meeting of Kagiso Media shareholders will be
dispatched to shareholders in due course; and
* the due dates for the fulfilment of the conditions precedent, as reflected
in the announcement, have been revised to take account of the above.
Johannesburg
13 July 2001
Corporate adviser to Kagiso Media Merchant Bank to Nail
PricewaterhouseCoopers African Merchant Bank Limited
Corporate Finance (Pty) Ltd REGISTERED BANK
Reg. No. 1970/003711/07 (Reg. No. 1996/016470/06)
Independent adviser to Kagiso Joint Sponsor to Nail
Media minorities
Deutsche Bank Securities (SA) (Pty) Ltd
KPMG (Reg. No. 1995/011798/07)
Wipcapital Proprietary Limited
(Reg. no 1197/021195/07)
Sponsor to Kagiso Media Independent legal adviser to Nail
Investec Securities Limited Webber Wentzel Bowens
Member of the JSE Securities
Exchange South Africa
(Reg. No. 1972/008905/06)
Adviser to Kagiso Trust Investments
NM Rothschild & Sons
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
