Venfin Limited - Disclosure Under Rule 7.1 Of The Securities Regulation Panel
Release Date: 08/04/2004 14:59:42 Code(s): VNF
VENFIN LIMITED - DISCLOSURE UNDER RULE 7.1 OF THE SECURITIES REGULATION PANEL
CODE ON TAKE-OVERS AND MERGERS
VENFIN LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1948/031037/06)
Share Code: VNF
ISIN: ZAE000026498
("VenFin")
DISCLOSURE UNDER RULE 7.1 OF THE SECURITIES REGULATION PANEL CODE ON TAKE-OVERS
AND MERGERS
Date of dealing: 7 April 2004
Dealing in: Intervid Limited ("Intervid") ordinary shares (Reg. No.
1999/011483/06).
(1)/(2) Class of securities and details of shares acquired:
14,077,906 Intervid shares at 34 cents per share with a total value of
R4,786,488.04
(3) Resultant total of the same class owned or controlled by VenFin (and
percentage class): Intervid: 60,376,314 (64.92%), assuming that the Competition
Authorisites approve the acquisition of a total of 30,248,408 shares from the
Howard Family
(4) Party making disclosure: VenFin Limited (Reg. No. 1948/031037/06)
(5) Name of purchaser: Industrial Electronic Investments Limited, a wholly-
owned subsidiary of VenFin Limited
Signed, for and on behalf of the party name in 5 above:
Name of signatory: M Lubbe - Company Secretary
Telephone number: (021) 888 3311
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