RAH - Receipt of an Unsolicited Firm Intention - T
RAH
RAH
RAH - Receipt of an Unsolicited Firm Intention - Take No Action
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")
RECEIPT OF AN UNSOLICITED FIRM INTENTION TO MAKE A CASH OFFER BY SUN
INTERNATIONAL LIMITED TO ACQUIRE THE ENTIRE ISSUED SHARE CAPITAL OF RAH - TAKE
NO ACTION
Shareholders are referred to the announcement released by Sun International
Limited ("Sun International") on the Securities Exchange News Service on Friday,
5 May 2006, announcing its firm intention to make a cash offer of 590 cents per
share for the entire issued share capital of RAH ("the Offer").
Shareholders are advised that the Company has appointed N M Rothschild & Sons
(South Africa) (Pty) Ltd as its independent financial adviser.
An independent sub-committee of the RAH Board of Directors will be constituted
and shareholders will be advised of the composition of this sub-committee, which
may include co-opted members.
At this stage and until such time as the sub-committee reverts with its opinion
on the Offer, the RAH Board of Directors recommends that shareholders take no
action.
Johannesburg
8 May 2006
Financial adviser
NM Rothschild & Sons (South Africa) (Pty) Ltd
Legal adviser
DENEYS REITZ
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 08/05/2006 05:21:31 PM Produced by the JSE SENS Department
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