Admiral Leisure World Limited - Further Cautionary
Admiral Leisure World Limited - Further Cautionary Announcement
Admiral Leisure World Limited
(Incorporated in the Republic of South Africa)
(Registration number 1938/011493/06)
Share code ADL ISIN ZAE000010229
("the company")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to previous cautionary announcements published by the
company, the last of which was published on 4 July 2002, notifying shareholders
of 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 all the conditions precedent to which the sale
agreement is subject have been fulfilled save for the approval of two gaming
boards. The approval of these two gaming boards is anticipated within the next
three to four weeks and once these approvals have been obtained, 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 fulfilment of the aforementioned conditions precedent.
By order of the Board.
Rean Wulz
Chairman
Johannesburg
22 August 2002
Attorneys
Werksmans Incorporated
(Registration number 1990/007215/21)
Sponsor
Werksmans Sponsors (Pty) Limited
(Registration number 2000/005164/07)
Date: 22/08/2002 05:24:05 PM Produced by the JSE SENS Department
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