Profurn - Further Cautionary Announcement And Info
Profurn - Further cautionary announcement and information in respect of the
Competition Tribunal ruling
Profurn Limited
(Incorporated in the Republic of South Africa)
(Registration number 1968/015363/06)
Share Code: PON
ISIN: ZAE000016481
("Profurn")
Further cautionary announcement and information in respect of the Competition
Tribunal ruling
Further to the cautionary announcement dated 23 October 2002, shareholders are
advised that the Competition Tribunal ruling on the proposed transaction whereby
JD Group Limited ("JD Group") and FirstRand Bank Limited have entered into a
memorandum of understanding regarding the sale of the businesses of Profurn to
JD Group ("the proposed transaction"), is anticipated before the end of the
year.
Shareholders are reminded that the proposed transaction is conditional upon,
inter alia, the approval of the Competition Tribunal and the terms of the
relevant documentation, including comprehensive agreements, which are still to
be concluded. A further announcement will be made following the Competition
Tribunal ruling.
Accordingly, shareholders are advised to continue to exercise caution when
dealing in their Profurn shares until a further announcement is made.
Johannesburg
12 December 2002
Merchant Bank
Rand Merchant Bank
A division of FirstRand Bank Limited
Corporate Finance
Sponsor
Grant Thornton
Kessel Feinstein
Corporate Sponsors (Pty) Ltd
(Registration number 2000/003541/07)
Date: 12/12/2002 07:00:22 AM Produced by the JSE SENS Department
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