Ellerines / Relyant - Extension Of Irrevocable Undertakings
ELLERINE HOLDINGS LIMITED RELYANT RETAIL LIMITED
Ellerine Holdings Limited Relyant Retail Limited
(Incorporated in the Republic of (Incorporated in the Republic of South
Africa South Africa)
(Registration number 1968/013402/06) (Registration number 1937/010108/06)
Share Code: ELH Share Code: RLY
ISIN:ZAE000022752 ISIN:ZAE000016457
(`Ellerines`) (`Relyant`)
EXTENSION OF IRREVOCABLE UNDERTAKINGS
Shareholders are referred to the joint `Progress Update` announcement by
Ellerines and Relyant, dated 6 September 2004, with regard to the proposed offer
by Ellerines to the shareholders of Relyant to acquire their shares in Relyant
(the `Proposed Transaction`). In that announcement, it was stated that the
time period required to complete the Proposed Transaction might have to be
extended to accommodate the competition authorities` approval process. As a
result, shareholders holding 90.2% of the issued shares of Relyant, who had
provided irrevocable undertakings to accept the offer to be made under the
Proposed Transaction (`irrevocable undertakings`), were being approached to
extend these irrevocable undertakings to accommodate the extended time period
required to complete the Proposed Transaction.
Andisa Capital and Java Capital are authorised to announce that the Relyant
shareholders referred to above have extended their irrevocable undertakings to
31 March 2005.
Johannesburg
8 October 2004
Financial advisor to Ellerines Legal advisor to Ellerines Sponsor to Ellerines
Andisa Capital Cliffe Dekker Nedbank Capital
Independent advisor to Relyant Legal advisor to Relyant Sponsor to Relyant
Java Capital Sonnenberg Hoffman Galombik Investec Bank
Limited
Independent transaction advisor
Morgan Stanley
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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
