FAIRVEST PROPERTY HOLDINGS LIMITED - Cautionary An
FAIRVEST PROPERTY HOLDINGS LIMITED - Cautionary Announcement pertaining to a
possible transaction
FAIRVEST PROPERTY HOLDINGS LIMITED
(Formerly Glocash Investments Limited)
(Incorporated in the Republic of South Africa)
(Registration number 1998/005011/06)
Share code: FVT ISIN: ZAE000034658
("Fairvest" or "the Company")
Cautionary Announcement pertaining to a possible transaction
Fairvest linked unit holders are advised that the board of directors of the
Company are considering a transaction that could, inter alia, result in an offer
to the shareholders of Bonatla Property Holdings Limited ("Bonatla") to acquire
all their Bonatla shares on the basis of 85 Fairvest linked units for every 100
Bonatla shares held ("the proposed offer").
The ratio has been determined on the basis that the transaction referred to
in the announcement dated 13 November 2002 has been implemented, which could
result in a combined entity with a property portfolio exceeding R1,3 billion.
Fairvest linked unit holders are accordingly advised to exercise caution when
dealing in their linked units on the JSE Securities Exchange South Africa until
a further announcement regarding the proposed offer is made.
Johannesburg
22 November 2002
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Date: 22/11/2002 05:06:00 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
