Sekunjalo - INCREASE OF STAKE IN "PREMIER FISHING"
Sekunjalo - INCREASE OF STAKE IN "PREMIER FISHING" AND FURTHER CAUTIONARY
ANNOUNCEMENT
SEKUNJALO INVESTMENTS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1996/006093/06)
Share Code: SKJ ISIN: ZAE000017893
("Sekunjalo" or "the company")
INCREASE OF STAKE IN PREMIER FISHING SA (PROPRIETARY) LIMITED ("PREMIER
FISHING") AND FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the press release by the company released this
afternoon, where it was announced that it has increased its stake in Premier
Fishing from 56% to 80%, through a R70 million recapitalisation funded by the
Business Banking division of Nedbank Corporate. The additional 24% stake was
acquired from the Industrial Development Corporation and a management trust,
with a workers" trust holding the remaining 20%.
Shareholders are advised that a detailed announcement will be made shortly. In
the mean time, shareholders should continue to exercise caution in this regard
when dealing in their Sekunjalo shares.
Cape Town
10 June 2003
Sponsor Attorneys
SASFIN BANK LIMITED MALLINICKS
Date: 10/06/2003 03:36:18 PM Supplied by www.sharenet.co.za
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