L.A. Group Limited - Postponement Of The Sanctioni
LAN LAR
LAR
L.A. Group Limited - Postponement Of The Sanctioning Of The Scheme Of
Arrangement
L.A. GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1936/008786/06)
Share Code: LAR & ISIN: ZAE000028676
Share Code: LAN & ISIN: ZAE000028684
("L.A. Group")
POSTPONEMENT OF THE SANCTIONING OF THE SCHEME OF ARRANGEMENT
L.A. Group shareholders are referred to the announcement dated 18 April 2006
relating to the results of the scheme meeting and are advised that the scheme of
arrangement in terms of Section 311 of the Companies Act (Act 61 of 1973) as
amended proposed by Clifton Dunes Investments 327 (Proprietary) Limited
("Newco"), in terms of which Newco will acquire all the shares in the issued
share capital of L.A. Group, other than those already held by Robben Island
Management (Proprietary) Limited, Greyhouse Trust, Rimaz Investments
(Proprietary) Limited, AF Peer Family Trust, Miss Alia Peer, Miss Nazlia Peer,
Mr Mohamed Peer, Mr Riyadh Peer and Mrs Fazlyn Peer and any subsidiaries of L.A.
Group was postponed by the High Court of South Africa (Cape of Good Hope
Provincial Division) ("Court") on Wednesday, 26 April 2006 until Friday, 28
April 2006.
A further announcement will be released on the Securities Exchange News Service
of the JSE Limited and published in the South African press following the
hearing by the Court.
Cape Town
26 April 2006
Investment bank to Newco Attorneys to the Scheme
Standard Bank Bernardt Vukic Potash and Getz
Independent adviser to L.A. Auditors and reporting accountants to
Group L.A. Group
PKF Grant Thornton
Sponsor to L.A. Group Attorneys to Standard Bank
Sasfin Capital Prinsloo, Tindle & Andropoulos Inc
Date: 26/04/2006 04:08:33 PM Produced by the JSE SENS Department
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