Rentsure Holdings Limited - Termination Of The Proposed Merger With Assupol
And Further Cautionary Announcement
RENTSURE HOLDINGS LIMITED
Registration number 1946/023539/06
Share code : RNT
ISIN code : ZAE000012811
("Rentsure")
TERMINATION OF THE PROPOSED MERGER WITH ASSUPOL AND FURTHER CAUTIONARY
ANNOUNCEMENT
Shareholders are referred to the detailed announcement and further
cautionary announcement dated 3 October 2001, as well as further cautionary
announcements dated 14 November 2001, 20 December 2001, 30 January 2002, 8
February 2002, 8 March 2002 and 29 April 2002 and are advised that a number
of factors have arisen that impacted upon the proposed merger between
Rentsure`s subsidiary, Rentmeester Assurance Limited ("RAL"), and Assupol
("the merger") and the ultimate implementation thereof. Rentsure, RAL and
Assupol endeavoured to investigate alternatives to the original merger
proposal in order to substantially achieve the benefits that would have
resulted from the implementation of the merger.
The board of directors of Rentsure and RAL, respectively, conditionally
approved a revised merger proposal whilst the board of directors of Assupol
concluded that such proposal would not satisfy Assupol`s original objectives
for the merger. Accordingly, the parties have agreed to terminate pursuit of
the merger.
FURTHER CAUTIONARY ANNOUNCEMENT
Until such time as the full effect of the termination of the pursuit of the
merger is known and an announcement is published in this regard, Rentsure
shareholders are advised to continue to exercise caution when dealing in
their Rentsure securities.
Pretoria
21 May 2002
CORPORATE ADVISOR AND SPONSOR
Quaestor Capital (PTY) LTD
Registration number 1991/007330/07
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
