Cullinan - proposed merger of the businesses of Cu
CUL
CUL
Cullinan - proposed merger of the businesses of Cullinan and Thebe and
withdrawal of cautionary announcement
Cullinan Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number 1902/001808/06)
Share code: CUL & ISIN: ZAE000013710
("Cullinan")
ANNOUNCEMENT REGARDING THE PROPOSED MERGER OF THE BUSINESSES OF CULLINAN
AND THEBE TOURISM GROUP (PROPRIETARY) LIMITED AND WITHDRAWAL OF
CAUTIONARY ANNOUNCEMENT
Further to the preliminary announcement dated 8 May 2006 and the
cautionary announcements published thereafter, shareholders are advised
that the parties could not reach agreement on the implementation of the
transaction and the process has been terminated by mutual agreement.
The board of directors of Cullinan is committed to actively pursue
further initiatives with a view to achieving the Black Economic
Empowerment objectives of the Travel and Tourism Charter.
The cautionary announcement governing the proposed transaction is hereby
withdrawn.
By order of the board
Johannesburg
20 October 2006
Sponsor
LPC Manhattan Moela
LPC Manhattan Moela (Pty) Ltd
(Registration number 2001/009215/07)
Auditors, due diligence advisers
and reporting accountants to Cullinan
BDO Spencer Steward (JHB) Inc
Chartered Accountants (SA)
Registered Accountants and Auditors
Attorneys to Cullinan
Mallinicks Attorneys
Corporate adviser to Cullinan
LFS
Lanark Financial Services
Date: 20/10/2006 02:33:14 PM Produced by the JSE SENS Department
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