Crookes - Cautionary Announcement
Release Date: 01/08/2003 14:25:01 Code(s): CKS
Crookes - Cautionary Announcement
CROOKES BROTHERS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1913/000290/06)
("Crookes" or "the company")
Share code: CKS ISIN number: ZAE000001434
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the company has entered into an agreement to
acquire a sugar farm as a going concern for R30 million ("the acquisition").
The acquisition is subject to, inter alia:
- approval in terms of the Competition Act No 89 of 1998, as amended; and
- that for a period up to 9 August 2003, the Land Claims Commissioner does not
oppose the acquisition.
Should the acquisition become unconditional, the transaction will result in a
category 2 acquisition in terms of the JSE Securities Exchange South Africa
("JSE") Listings Requirements and a circular will be issued. Shareholders will
be kept informed of the status of the acquisition.
As the conclusion of the acquisition may have a material effect on the price at
which Crookes shares trade on the JSE, shareholders are advised to exercise
caution when dealing in the company"s securities until a further announcement is
made.
Renishaw
1 August 2003
Corporate Advisor and Sponsor
SASFIN CORPORATE FINANCE
A DIVISION OF SASFIN BANK LIMITED
Date: 01/08/2003 02:25:04 PM Supplied by www.sharenet.co.za
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