Falcon Investment Holdings Societe Anonyme - Renewal Of Cautionary
Falcon Investment Holdings Societe Anonyme
(Incorporated in Luxembourg - R.C. Number B39773)
Share Cde: FLC ISIN Code: LU0042254812
("the Company")
RENEWAL OF CAUTIONARY
Further to the cautionary announcement dated the 18 June 2002, where
reference was made to the cautionary announcement released by the Company`s
subsidiary Falcon Gold Zimbabwe Limited on the 5 March 2002, shareholders
are now advised that:
"Shareholders were advised in previous Cautionary Statements that
"negotiations have commenced in respect of a transaction which, if the
negotiations result in agreement," could impact significantly upon
Shareholder interests. In a later Cautionary Statement issued on 6 May
2002, it was foreshadowed that "a further approximately two months must
necessarily elapse before a substantive result can be forthcoming from the
negotiations, then enabling the Directors to advise Shareholders of detailed
proposals".
The relevant issues are progressing satisfactorily but as foreshadowed in
the last Statement, could not yet be concluded. Conclusion of the
negotiations is subject to certain valuations, and thereafter to procurement
of requisite consents of the Reserve Bank.
The Directors are aware of continuing market and press speculation as to the
nature of the negotiations, and caution that much of such speculation is
founded upon unsubstantiated rumours. In the event of a successful
outcome to the negotiations, Shareholders will be expeditiously advised of
all details of the contemplated transactions. Shareholders are,
therefore, urged to disregard the prevailing speculation and rumours, and
are again advised to exercise caution in any dealings in the Company`s
shares."
In light of the above, shareholders in Falcon Investment Holdings S.A. are
advised to continue to exercise caution and consult their professional
advisors when dealing in the company`s shares.
27 June 2002
Sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Ltd
Date: 27/06/2002 07:10:00 AM Produced by the SENS Department
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