Transpaco Limited - Further cautionary announcemen
TPC
TPC
Transpaco Limited - Further cautionary announcement
TRANSPACO LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1951/000799/06)
Share code: TPC & ISIN: ZAE000007480
("Transpaco")
FURTHER CAUTIONARY ANNOUNCEMENT
Further to the cautionary announcement dated 28 March 2006 and subsequent
renewal announcements dated 9 May 2006 and 22 June 2006 shareholders are advised
that Transpaco has entered into binding heads of agreement with Nampak Products
Limited ("Nampak") relating to the purchase by Transpaco of Nampak"s business
situated in Bellville, Cape Town comprising the manufacture and distribution of
plastic flimsy unprinted bread bags, flimsy bags on a roll, refuse bags, vest
type carrier bags and boutique bags. The heads of agreement will lapse if not
superseded by a final agreement by 21 July 2006 or such later date as the
parties may agree. The final agreement will be subject to the conclusion of
inter alia a satisfactory due diligence investigation by Transpaco, the approval
of the competition authorities and of Transpaco"s shareholders to the extent
that it becomes necessary.
Further details of the proposed transaction will be announced once the final
agreement has been signed.
Transpaco shareholders are advised to continue to exercise caution when dealing
in Transpaco securities until a further announcement is made.
Johannesburg
4 July 2006
Sponsor Legal Advisors
Investec Werksmans Inc
Date: 04/07/2006 02:32:07 PM Produced by the JSE SENS Department
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
