Bonatla Property Holdings Limited - Further Cautio
BONATLA PROPERTY HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
JSE code: BNT ISIN: ZAE000013694
(Registration number 1996/014533/06)
("Bonatla" or "the company")
FURTHER CAUTIONARY ANNOUNCEMENT REGARDING OFFERS RECEIVED BY BONATLA
Shareholders are referred to the previous cautionary announcements issued by
Bonatla, the last of which was on 19 December 2002, referring to restructuring
the company.
Shareholders are now advised that the board of directors of Bonatla has received
written documentation from both Redefine Income Fund Limited and Fairvest
Property Holdings Limited indicating offers to acquire the entire property
portfolio of Bonatla and its subsidiaries ("the offers").
The board is currently considering the offers and has implemented a process to
independently assess each of the offers.
As acceptance of one of the offers may have a material impact upon the price of
Bonatla shares, Bonatla shareholders are advised to continue exercising caution
when trading in their Bonatla shares until a further announcement is made in
this regard.
10 February 2003
Sponsor
GRANT THORNTON KESSEL FEINSTEIN
CORPORATE SPONSORS (PROPRIETARY) LIMITED
Date: 10/02/2003 02:20:00 PM Produced by the JSE SENS Department
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