MORIBO LEISURE LIMITED - OFFER TO MORIBO SHAREHOLD
MORIBO LEISURE LIMITED - OFFER TO MORIBO SHAREHOLDERS
MORIBO LEISURE LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1919/001318/06)
Share code: MRB ISIN: ZAE000014023
(`Moribo`)
dnr.capital
a division of DNR Corporate Advisors (Proprietary) Limited
(Incorporated in the Republic of South Africa)
(Registration number 2002/028938/07)
(`the offeror`)
OFFER TO MORIBO SHAREHOLDERS
Shareholders are referred to the joint announcement released on SENS on 21
October 2004 and published in the press on 22 October 2004 advising shareholders
that the offeror`s offer (`the offer`) to all of the shareholders of Moribo to
acquire their shares in Moribo for a cash consideration of 13 cents per share
had opened.
As per the circular sent to Moribo shareholders on 21 October 2004, the offer
was conditional upon it being accepted in respect of not less than 51% of the
issued share capital of Moribo.
As stated in the circular, the offeror had received irrevocable undertakings to
accept the offer from shareholders holding just under 35% of the issued share
capital in Moribo. However, the offeror has not received any other material
acceptances.
Shareholders are advised that, if the offer is not accepted in respect of at
least 51% of the issued share capital of Moribo by 12:00 on Friday, 10 December
2004 (the record date), the offer shall lapse.
Johannesburg
24 November 2004
Sponsor to moribo
ABSA Corporate and Merchant Bank
Corporate Finance
Corporate advisor to the offeror
Java Capital
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