Broad based black economic empowerment transaction
Transpaco - Broad based black economic empowerment transaction with Ceppwawu and
further cautionary announcement
Transpaco Limited
(Incorporated in the Republic of South Africa)
Registration number: 1951/000799/06
Share Code: TPC
ISIN: ZAE000007480
(`Transpaco`)
BROAD BASED BLACK ECONOMIC EMPOWERMENT TRANSACTION (`BBBEE TRANSACTION`) WITH
CEPPWAWU INVESTMENTS (PROPRIETARY) LIMITED (`CEPPWAWU`) AND RENEWAL OF
CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 7 October 2004 and the renewals of
that cautionary announcement pertaining to a BBBEE transaction, Andisa Capital
is authorised to announce that Transpaco has reached agreement, in principal,
with Ceppwawu, which will result in Ceppwawu acquiring an effective 27%
shareholding in Transpaco.
Ceppwawu is whollyowned by the Ceppwawu Development Trust, the beneficiaries of
which are the members of the Chemical, Energy, Paper, Printing, Wood and Allied
Workers Union of which a majority of Transpaco`s employees and many of the
employees of certain of Transpaco`s customers are members.
The agreement in principal is being recorded in legal documentation and is
subject to the fulfilment of various conditions precedent including approval by
shareholders in a general meeting. On signature of the necessary agreements, a
full terms announcement will be released.
Transpaco shareholders are advised to continue to exercise caution when dealing
in their securities until a further announcement is made.
Sandton
21 April 2005
Financial adviser and transaction sponsor: Andisa Capital
Attorneys: Werksmans Inc.
Sponsor: Investec Bank Limited
Date: 21/04/2005 09:24:46 AM
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