Avgold - Sale of ETC Division
Avgold Limited
Registration number 1990/007025/06
(Incorporated in the Republic of South Africa)
(Share code: AVG)
(ISIN code: ZAE000012175)
("Avgold")
Sale of ETC Division
Following the previous cautionary announcement on 14 January 2003 regarding the
possible sale of Avgold`s ETC assets, the company is pleased to announce that a
Sale of Business Agreement has been signed with Metorex Limited ("Metorex")
whereby a subsidiary of Metorex will acquire Avgold`s ETC assets for R300m. The
proceeds will be paid to Avgold in cash after the completion of certain
conditions precedent, including Competition Commission approval.
Metorex has included a significant Black Economic Empowerment component in the
ownership of ETC.
Shareholders are advised that they no longer need to act with caution when
trading in Avgold securities.
Johannesburg
17 February 2003
Issued by:
Sponsor to Avgold
Deutsche Securities (SA) (Proprietary) Limited
Date: 17/02/2003 11:52:04 AM Supplied by www.sharenet.co.za
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
