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CNC MUR
CNC MUR
Concor/Murray & Roberts - Sanctioning By The High Court Of The Scheme Of
Arrangement
Concor Limited
(Incorporated in the Republic of South Africa)
Registration number: 1969/003076/06
Share code: CNC & ISIN: ZAE000001616
("Concor")
Murray & Roberts Holdings Limited
(Incorporated in the Republic of South Africa)
Registration number: 1948/029826/06
Share code: MUR & ISIN: ZAE000073441
SANCTIONING BY THE HIGH COURT OF THE SCHEME OF ARRANGEMENT
Concor shareholders are advised that the High Court of South Africa
(Witwatersrand Local Division) ("Court") has today conditionally sanctioned the
scheme of arrangement in terms of Section 311 of the Companies Act No.
61 of 1973, as amended, proposed by Murray & Roberts Limited ("Murray &
Roberts"), a wholly-owned subsidiary of Murray & Roberts Holdings Limited,
between Concor and its shareholders, other than Mexican Wave Investments (Pty)
Limited ("Mexican Wave"), in terms of which Murray & Roberts will acquire all
the shares in the issued share capital of Concor, other than those already held
by Mexican Wave ("scheme"). The sanctioning of the scheme by the Court is
conditional upon the Competition Authorities approving the acquisition of the
entire issued share capital of Concor by Murray & Roberts.
The remaining conditions precedent to be fulfilled are the approval of the
transaction by the Competition Authorities and the registration of the Order of
Court sanctioning the scheme with the Registrar of Companies. Upon fulfilment of
these conditions precedent further announcements regarding the salient dates and
times pertaining to the implementation of the scheme will be published.
Johannesburg
24 January 2006
Independent advisor and lead sponsor to Concor
Bridge Capital
Legal advisors to Concor
Sonneberg Hoffmann Galombik
Joint sponsor to Concor
Investec Bank Limited
(Registration number 1969/004763/06)
Financial advisor and lead sponsor to Murray & Roberts
ABSA
Corporate and Merchant Bank
Corporate Finance
ABSA Bank Limited
(Registration number 1986/004794/06)
Joint sponsor to Murray & Roberts
Merrill Lynch
Global Markets & Investment Banking Group
Merrill Lynch South Africa (Pty) Ltd
Registration number 1995/001805/07
Registered Sponsor and Member of the
JSE Securities Exchange South Africa
Attorneys to Murray & Roberts
MICHAEL KRAWITZ & CO.
and
Werksmans Incorporated
(Registration number 1990/007215/21)
Date: 24/01/2006 03:27:05 PM Produced by the JSE SENS Department
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