GOOD HOPE - SALE OF EQUESTRIAN INTERESTS
GOOD HOPE DIAMONDS (KIMBERLEY) LIMITED
(Formerly Oakfields Thoroughbreds and Leisure Industries Limited)
(Registration number 1983/013789/06
JSE Share Code GDH ISIN ZAE000050381)
`(Good Hope` or `the company`)
SALE OF EQUESTRIAN INTERESTS
LPC Manhattan Sponsors (Proprietary) Limited is authorised to announce that,
further to the circular to shareholders dated 22 October 2003 in which it was
stated that management would examine the feasibility of scaling down the
bloodstock operations even further and would concentrate on the diamond
operations, agreements have now been reached, subject only to final due
diligence (being the count and verification of the horses) for the sale of the
shares and loan accounts in its subsidiary companies, Swynford Paddocks
(Proprietary) Limited, Gibraltar Farm (Proprietary) Limited and E. Cambouris
Bloodstock (Proprietary) Limited (`the sale`). The sale price is approximately
R7.6 million which is to be settled in cash and constitutes less than 5% of the
company`s market capitalisation. The effective date of the transaction is 18
August 2004. The company will have no remaining equestrian interests
subsequent to the sale.
Hyde Park
13 September 2004
Sponsor
LPC Manhattan Sponsors (Pty) Ltd
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