Unitrans - Withdrawal Of Cautionary Announcement
Unitrans Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1967/003403/06)
Share code: UTR ISIN: ZAE000007670
(`Unitrans` or `the company`)
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcement dated 15 September 2004, the
cautionary notice contained therein and the renewal of cautionary announcement
dated 27 October 2004 regarding:
- the acquisition, conditional upon approval of the Competition Authorities,
by Steinhoff International Holdings Limited or its nominated subsidiary
(`Steinhoff`) of the 34 216 680 shares held by Murray & Roberts Holdings
Limited in Unitrans (`the Steinhoff acquisition`); and
- the mandatory offer to be made by Steinhoff to Unitrans shareholders to
acquire their Unitrans shares as a consequence of the Steinhoff acquisition
(`the mandatory offer`).
The price per Unitrans share at which the Steinhoff acquisition will be
implemented, and consequently the price per Unitrans share that will be
applicable under the mandatory offer, has now been determined as 2 632 cents per
share (ex the dividend of 100 cents per share paid on 4 October 2004).
Accordingly, Unitrans shareholders are advised that they no longer need to
exercise caution when dealing in Unitrans shares and that the cautionary
announcement previously published is hereby withdrawn.
The Steinhoff acquisition remains conditional upon the approval of the
Competition Authorities. Shareholders will be advised by SENS and press
announcement of any developments in this regard.
Johannesburg
12 November 2004
Sponsor
PSG CAPITAL
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