Hunt Leuchars & Hepburn Holdings Limited - Cautionary Announcement
HUNT LEUCHARS & HEPBURN HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration Number 1924/001164/06)
Ordinary share code: HLH ISIN: ZAE000003299
Preference share code: HLHP ISIN: ZAE000011441
("HL&H")
CAUTIONARY ANNOUNCEMENT
PSG Investment Bank Limited is authorised to announce that Industrial
Partnership Investments Limited ("IPI"), a subsidiary of Remgro Limited
("Remgro"), is considering proposing schemes of arrangement in terms of
section 311 of the Companies Act (Act 61 of 1973), as amended ("the Act"),
between HL&H and its ordinary and preference shareholders other than IPI
("scheme members") ("the proposed schemes"), or in such other manner as IPI
may consider to be more cost effective and have the same effects as the
proposed schemes.
IPI will consider acquiring the HL&H ordinary and preference shares held by
scheme members for a cash consideration of 925 cents per HL&H ordinary share
and 965 cents per HL&H preference share. If the proposed schemes are
implemented, scheme members will not be entitled to further ordinary or
preference dividends declared after the date of this announcement.
Accordingly, HL&H shareholders are advised to exercise caution when dealing
in their shares until a further announcement is made.
Sandton
5 July 2002
Investment bank and transactional sponsor
PSG Investment Bank
Sponsor to HL&H and attorneys to the scheme
Edward Nathan Friedland
Corporate Law Advisors & Consultants
Date: 04/07/2002 05:15:00 PM Produced by the SENS Department
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