Messina Limited - Further cautionary announcement
Messina Limited
(Incorporated in the Republic of South Africa)
(Registration number 1950/035912/06)
Share code: MES
ISIN: ZAE000004438
(`Messina`)
Further cautionary announcement
Further to the cautionary announcements dated 13 May 2005 and 23 June 2005, the
board of directors of Messina (`the board`) has been informed by Lonmin Plc
(`Lonmin`) that it is currently investigating the possibility of making an offer
to acquire all of the Messina shares that it does not already own. Such an offer
will be at least equivalent to the see-through value of Messina, based on the
offer price Lonmin paid for 100% of Southern Platinum Corporation, which is
Messina`s ultimate holding company.
The board of directors of Messina will form a separate independent sub-committee
to ensure appropriate governance throughout any ensuing processes and to
consider the offer. The board sub-committee will appoint independent advisors to
assist it in its tasks and to provide it with external advice as may be required
in terms of the SRP Code and by the Rules of the SRP.
Shareholders of Messina are therefore advised to continue to exercise caution
when dealing in their shares until further announcements are made.
Johannesburg
4 August 2005
Sponsor to Messina
Rand Merchant Bank (A division of FirstRand Bank Limited)
Date: 04/08/2005 10:02:03 AM
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