CAE
CAE
Cape Empowerment Trust Limited - Results of offer and cautionary announcement
Cape Empowerment Trust Limited
(Incorporated in the Republic of South Africa)
Registration number 1998/014606/06
JSE share code: CAE ISIN: ZAE000016952
("CET")
RESULTS OF OFFER TO SANCINO PROJECTS LIMITED SHAREHOLDERS AND CAUTIONARY
ANNOUNCEMENT
Shareholders of Sancino Projects Limited ("Sancino") are referred to the
unconditional offer by CET to acquire their shares in Sancino on the basis of 7
(seven) CET shares for every 1 (one) Sancino share ("the CET offer") and the
announcement published on SENS on 19 January 2006 indicating the closing of the
CET offer on 26 January 2006.
Sancino and CET shareholders are advised that, as at the closing of the CET
offer on 26 January 2006, CET had received acceptances in respect of 53% or 1
882 344 of the total number of issued ordinary shares in the capital of Sancino.
CET owned no shares in Sancino prior to the CET offer.
This transaction is a category 3 transaction in terms of the Listings
Requirements of the JSE Limited. A further announcement to provide specific
details in terms of the Listings Requirements will be made shortly, until which
time shareholders of CET are advised to exercise caution when dealing in their
shares.
Cape Town
3 February 2006
Corporate advisor and sponsor
Sasfin Capital
(A Division of Sasfin Bank Limited)
Legal Advisor
Hofmeyr Herbstein & Gihwala Inc
Date: 03/02/2006 12:48:02 PM Produced by the JSE SENS Department
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