All Joy - Update On Proposed Acquisition and cauti
All Joy - Update On Proposed Acquisition and cautionary announcement
Warning: The listing of ordinary shares in the company is on ALTx. Investors
are advised of the risks of investing in a company listed on ALTx. Investors are
advised that the JSE does not guarantee the viability or the success of a
company listed on ALTx. In terms of the Listings Requirements, the company is
obliged to appoint and retain a Designated Adviser, which is required to, inter
alia, attend all board meetings held by the company to ensure that all the
Listings Requirements and applicable regulations are complied with, approve the
Financial Director of the company and guide the company in a competent,
professional and impartial manner. If the company fails to retain a Designated
Adviser, it must make arrangements to appoint a new Designated Adviser within 10
business days, failing which the company faces suspension of trading of its
securities. If a Designated Adviser is not appointed within 30 days of its
suspension, the company faces the termination of its listing without the
prospect of an appropriate offer.
All Joy Foods Limited
(Incorporated in the Republic of South Africa)
(Registration number 1989/000100/06)
JSE Share code: ALJ ISIN: ZAE000017240
("All Joy" or "the Company")
UPDATE ON PROPOSED ACQUISITION OF RETAILER BRANDS (PTY) LIMITED BY ALL JOY AND
CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcements on 31 May 2005, 18 July 2005, 15
September 2005 and 14 October 2005 regarding the proposed acquisition of
Retailer Brands (Pty) Limited ("Retailer Brands").
The vendors of Retailer Brands (Pty) Limited ("Retailer Brands") have informed
All Joy that they do not want to proceed with the transaction by which All Joy
would acquire Retailer Brands. Based on legal advice from a Senior Advocate the
board of directors have advised the Retailer Brands vendors that they intend
proceeding with the transaction and will take all the necessary legal actions
required.
Shareholders will be informed of any new developments regarding the Retailer
Brands transaction. Accordingly, shareholders are advised to exercise caution
when dealing in the company"s securities until a further announcement is made.
30 November 2005
Johannesburg
Designated Advisor
Exchange Sponsors
Date: 30/11/2005 09:48:25 AM Produced by the JSE SENS Department
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