Announcement To The Shareholders Of Softline Limit
Announcement To The Shareholders Of Softline Limited (softline): Update From
Release Date: 15/08/2003 17:40:02 Code(s): JSE
ANNOUNCEMENT TO THE SHAREHOLDERS OF SOFTLINE LIMITED ("SOFTLINE"): UPDATE FROM
THE EXACT/FERRER CONSORTIUM ("THE CONSORTIUM").
1.) INTRODUCTION
Shareholders of Softline are referred to the announcement published by Softline
on 8 August 2003.
2. ) THE CONSORTIUM"S DECISION
Nedbank Corporate is authorised to announce that after due consideration, the
Consortium has determined that it will not at this stage make a firm offer for
the business of Softline at a price greater than the R2.00 per share offer made
by Sage plc. The Consortium reserves its right to submit an offer in the event
that the Sage plc offer is amended or fails. A letter to this effect has been
delivered to Softline.
3.) THE CONSORTIUM"S INTEREST IN SOFTLINE
As per the announcement of 18 June 2003, issued in terms of Rule 7.1 of the
Securities Regulation Code on Takeovers and Mergers, the Consortium controls 65
641 969 Softline ordinary shares, constituting 16,7 percent of the issued share
capital of Softline.
Johannesburg
15 August 2003
Investment bank
Nedbank Corporate
Attorneys
Werksmans
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