Avis Southern Africa Limited -
Avis Southern Africa Limited
(Registration number 1967/010320/06)
ISIN : ZAE000013371
Share Code: AVS
ACQUISITION OF SHARES BY SHARE TRUST
Stakeholders are advised that the Avis employee share incentive trust ("The Avis
Share Trust") entered into an agreement to purchase 4 213 248 Avis Southern
Africa Limited ("Avis") shares at a price of R9.10 per share ("the
transaction"). The Avis Share Trust will take transfer of these shares within
seven business days of this announcement. This transaction was noted in Avis"s
Annual Report 2003, published in June 2003.
The seller of the shares needed to attend to administration issues before it was
in a position to sell the shares to the Avis Share Trust. These administration
issues have now been attended to and the shares are ready to be transferred to
the Avis Share Trust. In order to facilitate the transaction the seller will
first do an internal trade which will be effected through the JSE Securities
Exchange South Africa ("JSE") on or about Thursday 14 August 2003 at R7.552 per
share.
This announcement is not related to the cautionary announcement issued by Avis
on 1 August 2003.
For further information call:
Giles A Knight
Group Financial Manager
Avis Southern Africa Limited
Tel (011) 923 3545
Fax (011) 923 3488
E-mail gknight@avis.co.za
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
CORPORATE FINANCE
Date: 13/08/2003 05:49:15 PM Supplied by www.sharenet.co.za
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