Basil Read - Further Cautionary Announcement
Basil Read Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1984/007758/06)
Share code: BSR & ISIN: ZAE000029781
("Basil Read" or "the company")
FURTHER CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcement dated 23 September 2005, in which
they were advised that an agreement dated 22 September 2005 had been concluded
between Bouygues Travaux Publics ("Bouygues"), Basil Read"s controlling
shareholder, and Amabubesi Investments (Pty) Limited and Metallon Ventures (Pty)
Limited (collectively, "the BEE consortium") in terms of which the BEE
consortium will acquire, subject to the fulfilment of certain conditions
precedent, 28 607 762 Basil Read shares from Bouygues, representing a 51.9%
interest in the company ("the acquisition"). In terms of the Securities
Regulation Code on Take-overs and Mergers, the acquisition, if successful, will
give rise to the obligation for the BEE consortium to make a mandatory offer to
all Basil Read shareholders to acquire their shares on terms no less favourable
than those applicable to the acquisition. In this event, an announcement will
be published giving full details of the terms and conditions of the mandatory
offer. Until a further announcement is made, shareholders are advised to
continue to exercise caution when dealing in the company"s shares.
Johannesburg
7 November 2005
Sponsor: Bridge Capital Services (Pty) Limited
Date: 07/11/2005 07:05:04 AM Produced by the JSE SENS Department
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