etoz - Announcement relating to the Foodland takeo
etoz - Announcement relating to the Foodland takeover offer
Metoz Holdings Limited
(formerly Metro Cash and Carry Limited)
(Incorporated in the Republic of South Africa)
(Registration Number 1946/021315/06)
Share Code: MOZ ISIN Code: ZAE000057410
(`Metoz`)
ANNOUNCEMENT RELATING TO THE FOODLAND TAKEOVER OFFER
Shareholders are referred to the announcements of 6 December 2004 and 11
February 2005, which, inter alia, advised shareholders that Metcash Trading
Limited (`Metcash Australia`), the principal asset of Metoz, had announced an
off-market offer to acquire all the issued ordinary shares of Foodland
Associated Limited (`Foodland`) in Australia (`Foodland takeover offer / the
transaction`).
The JSE Securities Exchange South Africa (`JSE`) has confirmed that the
transaction is not regarded as a catergorised transaction in terms of the
current JSE Listings Requirements and, therefore, Metoz is not required to
convene a general meeting of shareholders to approve the Foodland takeover
offer. Notwithstanding, Metoz has secured undertakings from shareholders
holding in excess of 50% of the Metoz shares to vote in favour of all
shareholder resolutions required to implement the Foodland takeover offer.
The bidder`s statement (offer document) prepared by Metcash Australia in respect
of the Foodland takeover offer is available for inspection at the registered
office of Metoz and is also available on the Metcash Australia website which can
be located at www.metcash.com.
Johannesburg
22 February 2005
Independent adviser to Metoz
Investec Bank
Sponsor to Metoz
Sasfin Corporate Finance
a division of Sasfin Bank Limited
Attorneys to Metoz
Fluxmans Attorneys
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