MURRAY & ROBERTS HOLDINGS LIMITED - DISPOSAL OF INTEREST IN UNITRANS
Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number 1948/029826/06
JSE Code: MUR ISIN Code: ZAE000008983
(`Murray & Roberts` or `the company`)
DISPOSAL OF INTEREST IN UNITRANS
Shareholders are referred to the circular posted to shareholders on 8 December
2004 which outlined details of the salient terms of the disposal by the company
of its 44%-interest held in Unitrans Limited (`Unitrans`) to Steinhoff
International Holdings Limited (`Steinhoff`) for a total consideration (cum
dividend) of R934 799 698, hereafter referred to as the transaction. At the time
of posting the circular, the only outstanding condition precedent was approval
by the Competitions Authorities.
Shareholders are advised that unconditional approval for the transaction from
the Competition Tribunal was obtained on Wednesday 12 January 2005. The
transaction was settled today, Tuesday 18 January 2005 where Murray & Roberts
received from Steinhoff, an amount of R900 583 018, which was the consideration
less the dividend of R34 216 680 which was paid to the company on 4 October
2004.
Johannesburg
18 January 2005
Transaction advisor and lead transactional sponsor
Investec
Legal advisor
Bowman Gilfillan
Independent reporting accountants
Deloitte & Touche
Sponsor
Merrill Lynch
Date: 18/01/2005 03:11:51 PM
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