Profurn - Further Cautionary And The Hearing Dates
Profurn - Further Cautionary and the Hearing Dates set by the Competition
Tribunal
PROFURN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1968/015363/06)
Share code: PON ISIN: ZAE 000016481
("Profurn")
FURTHER CAUTIONARY ANNOUNCEMENT AND INFORMATION IN RESPECT OF THE HEARING DATES
SET BY THE COMPETITION TRIBUNAL
Shareholders are referred to the cautionary announcement dated 8 October 2002
advising that the Competition Commission had recommended to the Competition
Tribunal that the proposed transaction, in terms of which JD Group Limited ("JD
Group") and FirstRand Bank Limited have entered into a memorandum of
understanding regarding the proposed sale of the businesses of Profurn to JD
Group ("the proposed transaction"), be approved without conditions. Shareholders
are advised that the Competition Tribunal hearing dates have now been set for
25, 29 and 30 November 2002.
The proposed transaction is still conditional upon, inter alia, the approval of
the Competition Tribunal and the terms of the relevant documentation, including
comprehensive agreements, being concluded. A further announcement will be made
after the Competition Tribunal ruling.
Accordingly, shareholders are advised to continue to exercise caution when
dealing in Profurn shares until a further announcement is made.
Johannesburg
23 October 2002
Merchant bank Sponsor
Rand Merchant Bank GRANT THORNTON KESSEL
Corporate Finance FEINSTEIN
A division of FirstRand CORPORATE SPONSORS
Bank Limited (PROPRIETARY) LIMITED
(Registration number
2000/00354/07)
Date: 23/10/2002 10:01:00 AM Produced by the JSE SENS Department
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