Profurn Limited - Rights Offer Unconditional
Profurn Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/015363/06)
Share code: PON ISIN: ZAE000016481
("Profurn")
RIGHTS OFFER UNCONDITIONAL
Further to the announcement dated 30 April 2002, shareholders are advised
that the Competition Tribunal has approved the possible acquisition of a
controlling interest in Profurn by FNB Corporate, the underwriter to the
renounceable rights offer by Profurn of 214 201 320 shares at a subscription
price of 280 cents per share ("the rights offer").
All conditions precedent to the rights offer have now been fulfilled and the
rights offer has thus become unconditional.
Shareholders are reminded that the rights offer closes at 14:30 on Tuesday,
11 June 2002 and the results of the rights offer will be announced on or
about Wednesday, 12 June 2002.
Johannesburg
29 May 2002
Sponsor: GRANT THORNTON KESSEL FEINSTEIN CORPORATE SPONSORS (PTY) LTD
(Registration number 2000/003541/07)
Corporate adviser to Profurn: PSG INVESTMENT BANK LTD
Attorneys: FLUXMAN RABINOWITZ - RAPHAELY WEINER INC.
Underwriter: FNB CORPORATE - A division of FirstRand Bank Limited
Adviser to underwriter: RAND MERCHANT BANK - CORPORATE FINANCE - A
division of FirstRand Bank Limited
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