Nafcoc - Offer From A Subsidiary Of Hosken Consoli
JSE
GEN
Nafcoc - Offer From A Subsidiary Of Hosken Consolidated Investments
Limited ("HCI") To Acquire All The Issued Shares In Nafcoc
Nafcoc Investment Holding Company Limited
(Incorporated in the Republic of South Africa)
(Registration number 1994/008497/06)
("Nafcoc")
OFFER FROM A SUBSIDIARY OF HOSKEN CONSOLIDATED INVESTMENTS LIMITED ("HCI")
TO ACQUIRE ALL THE ISSUED SHARES IN NAFCOC
1. Shareholders of Nafcoc are referred to the announcement by HCI dated 1
November 2006 regarding the terms of an unsolicited offer by Black
Ginger 75 (Proprietary) Limited ("Black Ginger"), an unlisted wholly
owned subsidiary of HCI, to acquire all the issued shares in Nafcoc.
2. The offer by Black Ginger is subject to conditions including
acceptance by shareholders of Nafcoc who hold in the aggregate at
least 50% plus 1 of the issued shares in Nafcoc. Nafcoc shareholders
will be aware of the authorisations required for and prohibitions
applicable to any intended disposal of shares in Nafcoc. In this
regard, Nafcoc will be convening meetings and communicating with its
shareholders and, in due course, a further announcement will be made
as to whether or not this condition is capable of fulfilment.
3. Nafcoc has been informed that an offer document containing further
information regarding the offer is expected to be posted to the
shareholders of Nafcoc in due course.
Sandton
3 November 2006
External Advisor
Java Capital
Attorneys
Werksmans
Date: 03/11/2006 04:58:40 PM Produced by the JSE SENS Department
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