Dynamic / Cape Empowerment Trust Limited - Joint A
DYM: Dynamic Cables RSA Limited CET: Cape Empowerment Trust Limited
Dynamic Cables RSA Limited Cape empowerment Trust Limited
(Registration Number: 1987/001807/06) (Registration Number: 1998/014606/06)
Share Code: DYM Share Code: CAE
ISIN Code: ZAE 000028270 ISIN Code: ZAE 000016952
("Dynamic") ("CET")
Joint Announcement
With reference to the joint announcements made on 14th November 2001 and
12th December 2001 by CET and Dynamic, shareholders are advised that due to
further information required by the independent financial advisors to
Dynamic, in respect of the fair and reasonable opinion, the circulars
pertaining to the settlement of the purchase price payable for the
acquisition of Dynamic Cables SA (Proprietary) Limited ("Dynamic SA") have
been placed on hold until the completion of the audit on Dynamic SA, which
is currently being conducted on the historical information for the year
ended 31 December 2001. The anticipated completion for the audit is at the
end of March 2002.
Sponsor to Dynamic Cables RSA Limited Sponsor to Cape Empowerment Trust Ltd
Appleton Securities PSG Investment Bank
Corporate Advisors to Dynamic
Grant Thornton Kessel Feinstein
Corporate Finance (PTY) LTD
Cape Town
19 February 2002
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