Tradek Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1964/0012963/06)
Share code:TDK ISIN: ZAE000018891
("Tradek" or "the Company")
TERMINATION OF AGREEMENT BETWEEN TRADEK AND PSG FINANCIAL SERVICES LIMITED
("PSG GROUP") FOR THE ACQUISITION BY TRADEK OF PSG INVESTMENT SERVICES (Pty)
LIMITED ("PSGIS")
Shareholders are advised that Tradek and PSG Group have by mutual agreement
terminated the transaction by which Tradek would acquire PSGIS, including an
alternative cash offer to Tradek shareholders at 14,5 cents per share, as
detailed in the announcement on 12 March 2002.
Shareholders are also referred to the announcement on 18 March 2002 in which
it was announced that the board of directors of Tradek had received a notice
from Appleton Limited ("Appleton") of a firm intention to make an offer to
Tradek shareholders for a cash consideration of 15 cents per share, subject
to the fulfilment of certain suspensive conditions. As to date, no formal
offer has been received from Appleton.
Johannesburg
10 April 2002
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