MTE MSS
MTE MSS
MTE - MSS - Martell - Marshalls - Joint Cautionary Announcement
Marshall Monteagle Holdings Societe Anonyme
(formerly "Monteagle Holdings Societe Anonyme")
(Incorporated in Luxembourg R.C. Luxembourg No. B19600)
Share code: MTE
ISIN number: LU0035797272
("Martell")
Marshalls Limited
(Incorporated in the Republic of South Africa)
Registration number 1987/002656/06)
Share code: MSS
ISIN number: ZAE000066684
("Marshalls)
Shareholders are advised that the above companies have entered into
negotiations, which, if successfully concluded, may have a material effect on
the price of the respective companies` securities. Accordingly, shareholders are
advised to exercise caution when dealing in the companies` securities until a
full announcement is made.
Martell has for many years held a 6.1% interest in Marshalls. Negotiations are
presently being undertaken with the Marshall family to purchase its controlling
interest in Marshalls for an exchange of shares in Martell. The same offer will
be extended to all Marshalls minority shareholders with the intention that
Marshalls will become a wholly owned subsidiary of Martell.
The above transaction will be conditional on the ratio of exchange being agreed
to by both of the companies and their advisors and the approval of the
appropriate regulatory authorities.
By order of the Boards of Marshalls and Martell
10 January 2007
South African sponsor to Marshalls
Sponsor and corporate advisor to Martell
Imara Corporate Finance South Africa (Pty) Ltd
Date: 10/01/2007 09:00:01 Produced by the JSE SENS Department.
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