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, 17 November 2005 and 12 January 2006, shareholders are reminded
that, during January 2006, AME 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 still 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
27 February 2006
Corporate adviser
LANRK FINANCIAL SRVICES
Sponsor
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: 27/02/2006 01:16:03 PM Produced by the JSE SENS Department
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