AME - Cautionary Announcement
AFRICAN MEDIA ENTERTAINMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1926/008797/06)
Share code: AME ISIN: ZAE000055802
(`AME` or `the company`)
CAUTIONARY ANNOUNCEMENT
REGARDING AN OFFER TO PURCHASE CERTAIN ASSETS FROM NEW AFRICA INVESTMENTS
LIMITED (`NAIL`)
The board of directors of AME wishes to advise shareholders that the company has
made an offer to NAIL to purchase all the right, title and interest of NAIL in
the issued share capital of Kaya FM (Proprietary) Limited (`Kaya`), representing
24,9% of the share capital of Kaya, together with any claims on loan account
against Kaya. The offer is open for acceptance by NAIL on or before 29 July
2005. The consideration in terms of the offer amounts to R21 million in cash, in
respect of which funding arrangements have been concluded.
Should the offer be accepted, further details regarding the effect thereof on
AME will be published.
Shareholders are therefore urged to exercise caution in dealing in their shares
until a further announcement in this regard is made.
By order of the board
Parktown
13 July 2005
Corporate adviser
Lanark Financial Services
Sponsor
LPC Manhattan Moela
LPC Manhattan Moela (Pty) Ltd
(Registration number 2001/009215/07)
Attorneys
Zenwill Lacob
Attorneys
Auditors
Charles Orbach & Company
Chartered Accountants (SA) Registered Accountants & Auditors
Date: 13/07/2005 04:56:06 PM
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