Howden Africa Holdings Limited - Cautionary Announ
Howden Africa Holdings Limited - Cautionary Announcement
Howden Africa Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1996/002982/06)
Share code: HWN ISIN: ZAE000010583
("HAH" or "the Company")
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that negotiations have recommenced with regards to a
merger of Howden Pumps (Proprietary) Limited, a wholly-owned subsidiary of HAH,
with the businesses of Orbit Pump Manufacturing (Proprietary) Limited and Orbit
Pump Manufacturing (Botswana) (Proprietary) Limited, wholly-owned subsidiaries
of Liquid Movers Holdings NV ("LMH"). Should these negotiations be successfully
concluded, they may have a material effect on the price of the Company"s shares.
HAH and LMH will use their best endeavours to give effect to and conclude the
proposed merger, which merger, will be subject to, inter alia, the requisite
regulatory authorities and approvals.
Until such time as the negotiations are completed and full details can be
provided, shareholders should exercise caution when dealing in the Company"s
shares until a further announcement is made.
Johannesburg
1 September 2003
Corporate adviser and sponsor
PricewaterhouseCoopers Corporate Finance (Proprietary) Limited
(Registration number 1970/003711/07)
Date: 01/09/2003 05:15:04 PM
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