TOURVEST
Imperial Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number : 1946/021048/06)
("Imperial")
Tourism Investment Corporation Limited
(Incorporated in the Republic of South Africa)
(Registration number : 1996/008144/06)
("Tourvest")
FINAL RESULTS OF THE OFFER BY IMPERIAL TO ACQUIRE A MAJORITY STAKE IN
TOURVEST
The offer by Imperial to acquire a majority stake in Tourvest closed for
final acceptances at 16h00 on Monday, 30 July 2001.
As at the close of business on Monday, 30 July 2001, Imperial had acquired
119,662,300 Tourvest ordinary shares, representing 14.41% of the issued
ordinary share capital of Tourvest in the open market. In addition,
383,100,331 ordinary shares, representing 46.13% of the issued ordinary
share capital of Tourvest, were tendered by ordinary shareholders of
Tourvest who accepted the offer. Consequently, Imperial had acquired in
total, at the close of business on Monday, 30 July 2001, 502,762,631
Tourvest ordinary shares representing 60.54% of the issued ordinary share
capital of Tourvest.
31 July 2001
Sponsor to Imperial : Merrill Lynch South Africa (Pty) Ltd
Sponsor to Tourvest : Investec Securities Ltd
Financial adviser to Imperial : Imperial Bank Ltd
Independent adviser to Tourvest : PSG Investment Bank
Attorneys to Imperial : Moss Morris Inc.
Attorneys to Tourvest : Fluxman Rabinowitz-Raphaely Weiner Inc.
Investor relations advisor
to Imperial : Penelope Gracie Investor Relations CC
Transfer secretaries
to Tourvest : Computershare Services Ltd
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
