Metro - FULFILLMENT OF THE SUSPENSIVE CONDITIONS OF THE ACQUISISION BY METRO
CASH AND CARRY LIMITED OF THE SEVEN ELEVEN CONVENIENCE STORE CHAIN
METRO CASH AND CARRY LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1946/021315/06)
Share Code: MTC ISIN Number: ZAE000012688
("Metro")
FULFILLMENT OF THE SUSPENSIVE CONDITIONS OF THE ACQUISISION BY METRO CASH AND
CARRY LIMITED OF THE SEVEN ELEVEN CONVENIENCE STORE CHAIN
Shareholders are referred to the announcement made on SENS on 9 May 2003 ("the
announcement") where it was advised that Metro had concluded an agreement to
acquire the entire Seven Eleven convenience store franchise ("Seven Eleven"),
subject to the fulfillment of certain suspensive conditions ("the acquisition").
Ratification by the Competition Tribunal and execution by the parties of the
terms of the acquisition agreement itself, are all that remain in order to give
effect to the acquisition.
Although, as previously advised in the announcement, the acquisition will have
no material effect on either Metro"s net asset value or earnings per share; it
will nonetheless contribute to group earnings.
SPONSOR
SASFIN CORPORATE FINANCE
A DIVISION OF SASFIN BANK LIMITED
Date: 29/10/2003 01:44:02 PM Produced by the JSE SENS Department
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