Moribo Leisure Limited - Non-fulfilment of suspensive conditions
- Future of the company
- Cautionary announcement
Moribo Leisure Limited
(Incorporated in the Republic of South Africa)
(Registration number 1919/001318/06)
Share code: MRB ISIN: ZAE000014023
("Moribo" or "the company")
- Non-fulfilment of suspensive conditions
- Future of the company
- Cautionary announcement
1. NON-FULFILMENT OF SUSPENSIVE CONDITIONS
Shareholders are referred to the announcement dated 1 October 2003 regarding the
proposed transaction to acquire 60% of Attica Trading 10 (Pty) Ltd, a contract
bottling plant. Due to the non-fulfilment of the suspensive conditions contained
in the transaction agreements the transaction agreements have failed and are now
of no further force or effect.
2. FUTURE OF THE COMPANY
Details of the proposed future direction of the company will be set out in an
announcement, prior to the end of March 2004, at the same time that the
company"s annual results for the year ended 31 December 2003 are published.
3. CAUTIONARY ANNOUNCEMENT
Shareholders are therefore advised that, as the full impact of these
developments are still being determined and which may have an effect on the
price of the company"s shares, caution should be exercised when dealing in their
Moribo shares.
Johannesburg
2 March 2004
Sponsor
Absa Corporate and Merchant Bank
Corporate Finance Department
Legal advisor
Bell Dewar Hall
Date: 02/03/2004 05:10:02 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
