Steers Holdings Limited - Acquistion Of Pleasure Foods (Pty) Limited -
Fulfilment Of Condition Precedent
Steers Holdings Limited
(Registration number. 1969/004875/06)
Share code: STE ISIN code: ZAE000008330
("Steers Holdings" or "the company")
ACQUISTION OF PLEASURE FOODS (PTY) LIMITED -
FULFILMENT OF CONDITION PRECEDENT
Shareholders are referred to the circular issued on 27 October 2003 which sets
out full details of the company"s proposed acquisition of the shares in Pleasure
Foods (Pty) Limited ("the acquisition").
Steers Holdings has been advised that the Competition Commission has
unconditionally approved the acquisition. The only remaining condition precedent
is the approval of shareholders in general meeting scheduled for Wednesday, 12
November 2003. Shareholders holding in excess of 51% of Steers Holdings shares
have irrevocably undertaken to vote at that meeting in favour of the
acquisition.
Johannesburg
29 October 2003
Corporate Advisor and Attorneys Competition Lawyers
Sponsor HR Levin Webber Wentzel Bowens
Java Capital (Pty) Limited
Date: 29/10/2003 05:41:02 PM Produced by the JSE SENS Department
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