Pangbourne - Further Cautionary Announcement
PANGBOURNE PROPERTIES LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/002352/06)
Share Code: PAP ISIN: ZAE000005252
(`Pangbourne` or `the company`)
FURTHER CAUTIONARY ANNOUNCEMENT
INTRODUCTION
It was announced in a cautionary announcement dated 14 June 2004, that agreement
had been reached between Pangbourne and Strupot Property Investments
(Proprietary) Limited (`Strupot`) whereby, subject to the fulfilment of certain
conditions precedent, Pangbourne will acquire a portfolio of letting
enterprises, including the related immovable properties and assets from Strupot
(`the transaction`). Pangbourne combined unitholders are advised that the
company continues to be involved in the preparation of information to be
included in a circular to be posted to combined unitholders regarding the
transaction.
An announcement containing, inter alia, details of the reviewed pro forma
financial effects of the transaction will be published and a circular containing
full details of the transaction and notices of general meetings will be posted
to combined unitholders in due course. Until such time, combined unitholders are
advised to continue to exercise caution when trading in their Pangbourne
combined units.
Craighall
27 July 2004
Investment bank and sponsor
The Standard Bank of South Africa Limited
Legal adviser
Prinsloo, Tindle and Andropolous Inc.
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
