Ellerines / Relyant - Offer By Ellerines To The Sh
Ellerines / Relyant - Offer By Ellerines To The Shareholders Of Relyant Declared
Unconditional
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Ellerine Holdings Limited Relyant Retail Limited
(Incorporated in the Republic (Incorporated in the Republic
of South Africa) of South Africa
(Registration number 1968/013402/06) (Registration number 1937/010108/06)
Share Code: ELH Share Code: RLY
ISIN:ZAE000022752 ISIN:ZAE000016457
(`Ellerines`) (`Relyant`)
OFFER BY ELLERINES TO THE SHAREHOLDERS OF RELYANT DECLARED UNCONDITIONAL
______________________________________________________________________
Shareholders of Ellerines and Relyant are advised that the offer by Ellerines to
acquire the entire issued share capital of Relyant from Relyant shareholders
(the `Offer`) has been declared unconditional.
The Offer was conditional on Ellerines receiving acceptances by Relyant
shareholders holding in aggregate not less than 90% of the Relyant shares. This
condition has been fulfilled.
For those Relyant shareholders who have not tendered their acceptances of the
Offer by the closing date, being 29 April 2005, Ellerines will give notice to
invoke the provisions of section 440K of the Companies Act, 61 of 1973, and
compulsorily acquire those Relyant shares not tendered in terms of the Offer.
Johannesburg
15 April 2005
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 Investec Bank
Galombik Limited
Independent transaction advisor
Morgan Stanley
Date: 15/04/2005 05:56:53 PM
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