Coronation`s Intention To Support Offer For Africa
CORONATION`S INTENTION TO SUPPORT OFFER FOR AFRICAN HARVEST BUSINESSES AND
CERTAIN NET ASSETS
CORONATION HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1902/001739/06)
JSE share codes:
(Ordinary shares CRH)
(ISIN number: ZAE000001772)
(N` ordinary shares CRN)
(ISIN number: ZAE000010369)
("Coronation")
Intention to support offer for African Harvest businesses and certain net
assets
Further to the announcement on 13 June 2002 by African Harvest Limited
("African Harvest") of the receipt of a firm intention to make an offer from
Business Venture Investments No.674 (Pty) Limited, a company representing
the interests of a management-led consortium (the "consortium"), to purchase
a substantial portion of the business of African Harvest as a going concern,
this announcement sets out Coronation`s view on the offer.
As at the date of this announcement Coronation is able to exercise voting
control over 55,16% of the issued share capital of African Harvest.
Coronation has considered the offer submitted to African Harvest by the
consortium and has indicated to the consortium that, based on current
information, it intends to vote in favour of approving acceptance of the
consortium`s offer at any shareholders` meeting convened for that purpose,
subject to the fulfilment of the suspensive conditions set out in the offer.
Issued by:
Sponsor:
Deutsche Securities (SA) (Proprietary) Limited
Legal Advisor:
Deneys Reitz
Date: 19/06/2002 09:11:00 AM Produced by the SENS Department
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