Real Africa Holdings Limited - Further Announcemen
RAH
RAH
Real Africa Holdings Limited - Further Announcement Regarding The Potential Cash
Offer To Acquire All The Ordinary Shares In RAH
REAL AFRICA HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1994/003919/06)
Share code: RAH
ISIN: ZAE000008702
("RAH" or "the Company")
FURTHER ANNOUNCEMENT REGARDING THE POTENTIAL CASH OFFER TO ACQUIRE ALL THE
ORDINARY SHARES IN RAH
Shareholders are referred to the Sun International Limited ("Sun International")
SENS announcement of 27 March 2006 and the RAH SENS announcement of 28 March
2006, regarding Sun International"s unsolicited proposed intention to acquire
the entire issued share capital of RAH by way of a scheme of arrangement in
terms of section 311 of the Companies Act No. 61 of 1973, as amended, at a price
of R5.90 per RAH share ("the Proposed Offer").
Shareholders are advised that the RAH Board continues to seek out value adding
opportunities for RAH shareholders at all times. Accordingly, the RAH Board has
responded to Sun International regarding the unsolicited Proposed Offer to
inform it that the terms as proposed undervalue the Company and are not
acceptable. The RAH Board is and remains available to discuss any proposal which
will enhance shareholder value.
Bryanston
12 April 2006
SPONSOR
RAND MERCHANT BANK (A division of FirstRand Bank Limited) CORPORATE FINANCE
Date: 12/04/2006 11:25:28 AM Produced by the JSE SENS Department
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