LAN LAR
LAR
L.A. Group - Finalisation Of Conditions Precedent For Suspension Of Listing
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")
FINALISATION OF CONDITIONS PRECEDENT FOR SUSPENSION OF LISTING OF THE L.A GROUP
ORDINARY AND `N" ORDINARY SHARES
L.A. Group shareholders are advised that all the remaining conditions precedent
which were required to be fulfilled prior to the suspension of the listing of
all the shares in the issued share capital of L.A. Group on the JSE Limited,
namely the lodging of a certified copy of the Order of Court sanctioning the
scheme of arrangement in terms of Section 311 of the Companies Act (act 61 of
1973), as amended ("the Scheme") with the Registrar of Companies in South Africa
in terms of the Companies Act and L.A. Group shareholders, other than Robben
Island, the 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, recorded in the share
register of L.A. Group on the consideration record date of the Scheme
subscribing for unlisted variable rate cumulative redeemable "B" class
preference shares to be allotted and issued by Clifton Dunes Investments 327
(Proprietary) Limited in an amount of not less than R98 million, have been
fulfilled.
Accordingly, the important dates and times remain as set out in the announcement
to L.A. Group shareholders dated Tuesday, 2 May 2006.
Cape Town
11 May 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: 11/05/2006 04:43:06 PM Produced by the JSE SENS Department
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