WB Holdings Limited - Trading Update And Cautionar
WB HOLDINGS LIMITED
(Registration number 1988/000570/06)
JSE code: WBH ISIN: ZAE000007902
("WBH" or "the company")
TRADING UPDATE AND CAUTIONARY ANNOUNCEMENT
1. Trading update
Shareholders are advised that trading conditions for the second six months of
the year to 30 June 2003 has worsened, mainly as a result of the extraordinary
recovery and continued strength of the rand against the major international
currencies. In addition, higher levels of inventory at 30 June 2003 are
expected due to a slow start to sales of this year"s harvest.
As a result, the directors of the company expect that the results for the year
to 30 June 2003 will be lower than that of the previous year, although the
company remains profitable.
2. Cautionary announcement
Shareholders are advised that the controlling shareholders of WB Holdings are
considering making an offer to the shareholders of WB Holdings, other than the
controlling shareholders, to acquire all of their WB Holdings shares at an offer
price yet to be determined ("the offer"). The controlling shareholders have
indicated that they will inform the company shortly whether or not an offer will
be made by them and at what price.
Accordingly, shareholders are advised to exercise caution when dealing in the
company"s securities until a full announcement is made.
Cape Town
29 April 2003
Sponsor
SASFIN BANK LIMITED
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