Announcement Relating To The Black Economic Equity
EOH - Announcement Relating To The Black Economic Equity Empowerment Of EOH an
Cautionary Announcement
ENTERPRISE OUTSOURCING HOLDINGS LIMITED
Incorporated in the Republic of South Africa
(Registration number 1998/014669/06)
Share code: EOH ISIN: ZAE000022026
(EOH or the company)
ANNOUNCEMENT RELATING TO THE BLACK ECONOMIC EQUITY EMPOWERMENT OF EOH AND
CAUTIONARY ANNOUNCEMENT
Merchant Sponsors is authorised to advise that EOH is in the process of
finalising a transaction whereby it will achieve a minimum 25% Black Economic
Empowerment (BEE) equity shareholding. EOH believes that the most effective
way to achieve broad based empowerment is to involve its BEE employees in the
empowerment transaction. This will be accomplished through the creation of a BEE
Employee Trust and an investment into the company by an Empowerment Fund. New
EOH shares will be issued to the BEE Employee Trust, this Trust will have the
current and future previously disadvantaged EOH employees as beneficiaries. The
Empowerment Fund will be issued new EOH shares for cash resulting in a combined
shareholding of the BEE Employee Trust and the Empowerment Fund in excess of 25%
of EOH.
Further details will be communicated to shareholders in due course and
accordingly, EOH shareholders are advised to exercise caution when dealing in
EOH shares until a further announcement is made.
Johannesburg
16 August 2004
Sponsor
Merchant Sponsors (Proprietary) Limited
Date: 16/08/2004 07:00:03 AM Produced by the JSE SENS Department
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