Venfin - Further Cautionary Announcement
Release Date: 14/11/2002 17:48:52 Code(s): VNF
VenFin - FURTHER CAUTIONARY Announcement
VenFin Limited
(Registration number 1948/031037/06)
ISIN : ZAE000026498
Share code: VNF
("VenFin")
FURTHER CAUTIONARY Announcement
VenFin shareholders are referred to the announcement published in the press on
29 August 2002, and further cautionary announcements published in the press on
19 September and 31 October 2002 respectively.
VenFin and the Vodafone Group ("Vodafone") have agreed to purchase the 5%
interest in the Vodacom Group (Proprietary) Limited ("Vodacom") held by Hosken
Consolidated Investments Limited ("HCI") and offered to VenFin and Vodafone
("the Offer").
The purchase consideration payable is an amount of R1 500 040 000.
It has not yet been finalised what percentage of the Vodacom interest will be
acquired by VenFin, but VenFin has given an irrevocable undertaking to HCI, that
on or before 20 December 2002, VenFin shall accept the Offer in relation to such
percentage of the Vodacom interest that the Vodafone Group has not irrevocably
agreed to accept at such time.
Once it has been finalised what percentage of the Vodacom interest VenFin will
acquire, a further announcement will be made.
Sponsor
Rand Merchant Bank
A division of FirstRand Bank Limited
Corporate Finance
Date: 14/11/2002 05:48:31 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
