Disposal of interest in Global Resorts SA (Pty) Li
RMB Holdings Limited -
RMB HOLDINGS LIMITED
("RMBH")
(Incorporated in the Republic of South Africa)
Registration number: 1987/005115/06
Share code: RMH
ISIN: ZAE000024501
Disposal of interest in Global Resorts SA (Pty) Limited
Shareholders are referred to the announcement dated 11 December 2002 relating to
the disposal of RMBH"s 48,4% interest in Global Resorts SA (Pty) Limited ("the
sale transaction").
The sale transaction was to have become effective upon the fulfilment of a
number of conditions precedent. Certain of the conditions precedent have not
been met within the contracted time periods and therefore the sale transaction
has been terminated.
The Global Resorts Group is a leading participant in the gaming and hospitality
industry in Southern Africa. The Group"s three hotel and casino resorts, the
principal of which is Caesars Gauteng, continue to trade in line with
expectations.
Sandton
21 May 2003
Merchant Bank and Sponsor
RAND MERCHANT BANK
A division of FirstRand Bank Limited
CORPORATE FINANCE
Investor relations contact:
Peter Cooper, COO, RMBH
021 658-9360 / 082 570 1400
Date: 21/05/2003 05:15:10 PM Supplied by www.sharenet.co.za
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