Admiral Leisure World Limited - Further Cautionary
Admiral Leisure World Limited
(INCORPORATED IN THE REPUBLIC OF SOUTH AFRICA)
(REGISTRATION NUMBER 1938/011493/06)
JSE SHARE CODE: ADL ISIN: ZAE000010229
("THE COMPANY")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcements published by the company on 4
March 2002, 25 March 2002 and 14 May 2002 in relation to the written
agreement ("sale agreement") between Rean International (Proprietary)
Limited ("Rean") and Austrian Gaming Industries GmbH ("AGI") relating to the
sale by Rean to AGI of 18 068 854 ordinary shares of the company at a price
of R0,32 per share, shareholders are advised that the parties are in the
process of procuring the fulfillment of the conditions precedent to which
the sale agreement is subject. Once further progress has been made in this
regard, AGI will publish an announcement of a firm intention to make an
offer in accordance with the Code of the Securities Regulation Panel.
Shareholders should continue to exercise caution when dealing in the
company`s securities pending fulfillment of the conditions precedent to
which the sale agreement is subject.
By order of the Board.
Rean Wulz
Chairman
Johannesburg
July 2002
Attorneys
WERKSMANS INCORPORATED
(Incorporated in the Republic of South Africa)
(Registration number 1990/007215/21)
Sponsors
WERKSMANS SPONSORS (PROPRIETARY) LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2000/005164/07)
Date: 04/07/2002 07:05:00 AM Produced by the SENS Department
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