CAUTIONARY ANNOUNCEMENT
Venter Leisure and Commercial Trailers Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1985/070343/06)
Share Code: VTL ISIN ZAE 000007811
("VENTEL")
CLARIFYING STATEMENT AND CAUTIONARY ANNOUNCEMENT
Dunrose Investments 143 (Pty) Limited and Fluxman Rabinowitz Raphaely Weiner
Inc. entered an announcement in the Business Day of 12 April 2002 that was
not authorised by Ventel, and which announcement contained certain
inaccuracies and misleading information.
Notwithstanding the dispute forming the basis for the above unauthorised
announcement, shareholders are advised that on the 10th April 2002, in terms
of a court order handed down in the High court of South Africa Witwatersrand
Local Division against Leisure and Commercial Holdings (Pty) Limited ("L&C")
(Case Number 2002/6262), FirstRand Bank Limited ("FirstRand") perfected its
security by way of pledge and cession over 22,398,165 ordinary shares of
Ventel held by L&C.
FirstRand has, pursuant to its rights under the court order referred to,
granted an option to a consortium to acquire the 22,398,165 ordinary shares
of Ventel previously held by L&C. A further authorised announcement in
regard thereto will be made to shareholders at the appropriate time.
In the interim, shareholders are advised to exercise caution in their
dealings in Ventel shares.
Sponsor
The Janus Corporation (Pty) Ltd
Attorneys
Ian Levitt
Corporate Advisers
Threadneedle Consulting (Pty) 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
