PSG INVESTMENT BANK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/017358/06)
(Share code: PGH,)
ISIN: ZAE000022836)
("PSGBH")
REAL AFRICA DUROLINK HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1992/004888/06)
(Share code: RAD)
(ISIN: ZAE000015046)
("RADH")
STATUS OF TRANSACTION AND WITHDRAWAL OF CAUTIONARY
Further to the announcements published on 10 April 2001, 1 June 2001 and 16
July 2001, relating to the acquisition by PSGBH of RADH ("the acquisition")
shareholders of PSGBH and RADH are advised as follows:
the Competition Tribunal has unconditionally approved the acquisition;
the Minister of Finance has approved the acquisition and consented to the
scheme of arrangement proposed by PSGBH between RADH and its shareholders.
A circular, containing full information, including inter alia financial
effects of the acquisition and notice convening a general meeting of PSGBH
shareholders to be held on Thursday, 13 September 2001, at which approval of
the acquisition will be sought, was despatched to PSGBH shareholders on 28
August 2001.
Documents relating to the scheme of arrangement proposed by PSGBH between
RADH and its shareholders, including inter alia an explanatory statement,
notice of scheme meeting and Order of Court convening the scheme meeting to
be held on Friday, 21 September 2001, will be despatched to RADH
shareholders today.
Accordingly, PSGBH and RADH shareholders are advised that the respective
cautionary notices are hereby withdrawn.
Rosebank
29 August 2001
Investment bank and Joint sponsor to Attorneys to PSGBH
joint sponsor to PSGBH
PSGBH
PSG PRICEWATERHOUSECOOP FLUXMAN RABINOWITZ
INVESTMENT BANK ERS CORPORATE - RAPHAELY WEINER
FINANCE (PTY) LTD (Registration
(Registration number
number 2000/024755/21)
1970/003711/07)
Independent adviser Sponsor to RADH Attorneys to RADH
and merchant bank
to RADH
RMB HOLDINGS DEUTSCHE SECURITIES BRINK COHEN LE ROUX
SA (PTY) LTD & ROODT INC
Member of the (Registration
Deutsche Bank Group number
(Registration 1993/004501/21)
number
1995/011798/07)
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