& J Land Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/000139/06)
Share code: SJL ISIN: ZAE000009965
("S&J" or "the Company")
Results of adjourned general meeting
The requisite majority of S&J shareholders present and represented and
entitled to vote at the adjourned general meeting, which was held at 10:00 on 26
March 2003, have voted against the resolution to terminate the listing of the
shares of the Company from the JSE Securities Exchange South Africa List.
The suspension of the listing which was envisaged with effect from the
commencement of trading on Thursday, 17 April 2003, and the termination of the
listing with effect from the commencement of trading on Wednesday, 30 April
2003, accordingly no longer apply.
Further cautionary announcement
The discussions referred to in the announcement on 5 March 2003, which
involve, inter alia, a higher offer consideration than the current mandatory
offer of 39,4 cents per share (including interest of 1,4 cents) per share
("mandatory offer"), are still ongoing, and the board of directors of the
Company will make a detailed announcement in this regard as soon as a firm offer
is received, which is expected shortly.
Shareholders are accordingly advised to continue exercising caution in
dealing in their S&J shares until such time as a further announcement is made.
Mandatory offer
Shareholders are reminded that the mandatory offer closes at 16:00 on Friday,
25 April 2003 and should note that if they accept such offer, they will not be
entitled to participate in any other offer by a third party.
Bryanston
26 March 2003
Sponsor
LPC MANHATTAN Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Independent financial adviser
Grant Thornton& Kessel Feinstein
Corporate Finance (Pty) LTD
(Registration number 2000/002649/07)
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