African Media Entertainment Limited - Further Caut
AME
AME
African Media Entertainment Limited - Further Cautionary Announcement
AFRICAN MEDIA ENTERTAINMENT LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1926/008797/06)
Share code: AME ISIN: ZAE000055802
("AME")
FURTHER CAUTIONARY ANNOUNCEMENT REGARDING AME"S OFFER TO PURCHASE
A 24,9% INTEREST IN KAYA FM FROM NEW AFRICA INVESTMENTS LIMITED ("Nail")
Further to the cautionary announcements dated 13 July 2005, 12 August 2005,
4 October 2005 and 17 November 2005, shareholders are advised that AME
has increased its offer for Nail"s 24,9% interest in Kaya FM by R4 million to
R25 million.
On the basis that:
- this offer is materially higher than the R19,1 million (15,1 cents per Nail
share) that the announcement by Primedia Limited ("Primedia") dated
17 December 2004 (of its firm intention to make an offer to acquire all the
shares in Nail) attributes to Nail"s 24,9% interest in Kaya FM; and
- Primedia"s offer has been referred to the Competition Commission;
- the board of AME expects a positive response from Nail to this increased
offer.
Shareholders are accordingly advised to continue to exercise caution in dealing
in their shares until a further announcement in this regard is made.
By order of the board
Houghton
12 January 2006
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: 12/01/2006 04:32:27 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
