S&J - WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
S&J Land Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1998/000139/06)
Share code: SJL ISIN: ZAE000009965
("S&J")
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Introduction
Further to the announcement dated 21 May 2003, the board of directors of S&J
("the board") wishes to advise shareholders that the discussions referred to
therein have been terminated.
The board will continue to seek ways of unlocking value for shareholders.
The mandatory offer and share repurchase option
Shareholders are reminded that the mandatory offer of
39,4 cents per share ("mandatory offer"), and the share repurchase option will
close at 16:00 on Friday, 27 June 2003 and will not be extended. The last day to
trade in order to participate in the mandatory offer and the share repurchase
option will accordingly be Friday, 20 June 2003 and the record date will be
Friday, 27 June 2003.
Payment of the mandatory offer consideration will be made within five
business days of receipt of the documents of title by the transfer secretaries
in the case of certificated shareholders, or receipt of the relevant instruction
by the transfer secretaries from STRATE in the case of dematerialised
shareholders.
Withdrawal of cautionary announcement
S&J shareholders are accordingly advised that the cautionary announcement is
withdrawn and they need no longer exercise caution in dealing in their shares on
the JSE Securities Exchange South Africa.
Bryanston
12 June 2003
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
(Registration number 1999/024792/07)
Date: 12/06/2003 05:52:35 PM Supplied by www.sharenet.co.za
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