PTG - Peermont Global Limited - Cautionary announc
PTG
PTG
PTG - Peermont Global Limited - Cautionary announcement
Peermont Global Limited
Registration number 1995/004449/06
Share code: PTG
ISIN code: ZAE000058053
("Peermont" or "the Company")
CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the announcement dated 18 November 2006 in
which shareholders were advised that a consortium of investors, led by the
Mineworkers Investment Company, through MIC Leisure (Proprietary) Limited
("MIC"), and key members of management, acting through Opalton Investments
(Proprietary) Limited, had submitted to the board of directors of Peermont
(the "Board") a firm intention to make an offer to acquire the entire
issued ordinary share capital of Peermont (the "Opalton Offer") for a total
cash consideration of 1 290 cents per Peermont ordinary share, to be
effected by way of a scheme of arrangement ("the scheme") in terms of
section 311 of the Companies Act 61 of 1973, as amended.
Shareholders are now advised that Peermont has received a non-binding,
conditional proposal from a consortium comprising London & Regional
Properties and Century Casinos, Inc. (the "L&R/Century Consortium") to
acquire the entire issued share capital of the Company (the "L&R/Century
Proposal"). The L&R/Century Proposal, which is subject, inter alia, to the
L&R/Century Consortium successfully completing a due diligence
investigation, may result in a firm offer containing terms more favourable
than the Opalton Offer.
Until such time as the L&R/Century Consortium submits a firm intention to
make an offer which is recommended by the Board, the Board will continue to
facilitate the Opalton Offer.
Shareholders are advised to exercise caution when dealing in Peermont`s
shares until a further announcement is made.
29 January 2007
Bryanston
Sponsor: J.P. Morgan Equities Limited
Date: 29/01/2007 17:05:01 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
