COMBINED MOTOR HOLDINGS LIMITED - Cautionary announcement
CMH 201504210015A
Cautionary announcement
COMBINED MOTOR HOLDINGS LIMITED
("the Company" or "CMH")
Registration number: 1965/000270/06
Income tax reference number: 9471/712/71/2
Share code: CMH
ISIN: ZAE000088050
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the directors of CMH have proposed
a share repurchase on a voluntary pro rata basis of 21 133 000
ordinary shares of no par value ("the Repurchase Shares") in the
Company at a price of R11,83 each.
The Company will make an offer to all shareholders to voluntarily
submit for repurchase all or a portion of their shareholding.
In the event that Shares in excess of the Repurchase Shares are
submitted for repurchase, then each shareholder who submits shares
for repurchase will be paid pro rata to the number of shares submitted.
If submissions total fewer than the Repurchase Shares, then
shareholders who have submitted shares for repurchase will be paid
in full, and no further shares will be repurchased. The repurchase
will be effected using the Group's existing cash resources.
Further details of the proposed repurchase and notice of a meeting of
shareholders to seek approval thereof will be contained in a circular
which will be sent to shareholders once regulatory approvals
have been obtained.
Shareholders are accordingly advised to exercise caution when
dealing in the Company's shares until such time as a full
announcement is made.
Durban
21 April 2015
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
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