Howden Africa Holdings Limited - Renewal Of Cautio
Howden Africa Holdings Limited - Renewal Of Cautionary Announcement
Howden Africa Holdings Limited
(Registration number: 1996/002982/06)
Share Code: HWN ISIN Code: ZAE 000010583
("HAH" or "the Company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcements dated 5 December 2001, 15 January
2002, 26 February 2002 and 9 April 2002 shareholders are advised that
negotiations are still in progress which, if successfully concluded, may
have a material effect on the price of the Company`s shares.
HAH is negotiating to merge Howden Pumps (Proprietary) Limited, a wholly-
owned subsidiary of HAH, with the businesses of Orbit Pumps Manufacturing
(Proprietary) Limited and Orbit Pumps (Botswana) (Proprietary) Limited,
wholly-owned subsidiaries of Liquid Movers Holdings NV ("LMH"). The
proposed merger will result in a combined manufacturing and distributor
business of agricultural, industrial and process pumps in Southern Africa.
HAH and LMH will use their best endeavors to give effect to and conclude the
proposed merger, which merger, will be subject to, inter alia, the requisite
regulatory authorities and approvals.
Until such time as the negotiations are completed and full details can be
provided, shareholders should continue exercising caution when dealing in
the Company`s shares until a further announcement is made.
Johannesburg
24 May 2002
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
(Registration Number: 1970/003711/07)
Date: 24/05/2002 07:05:00 AM Produced by the SENS Department
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