PTG
PTG
PTG - Peermont - Withdrawal of Cautionary
Peermont Global Limited
Registration number 1995/004449/06
Share code: PTG
ISIN code: ZAE000058053
("Peermont" or "the Company")
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the cautionary announcement dated 29 January 2007,
in which shareholders were advised that Peermont had 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.
Shareholders are also referred to the announcement dated 21 November 2006 in
which shareholders were advised that a consortium of investors, led by the
Mineworkers Investment Company, through MIC Leisure (Proprietary) Limited, 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 further referred to the announcement dated 21 February 2007
which sets out the indicative salient dates and times in relation to the scheme.
Shareholders are now advised that the L&R/Century Consortium has informed the
Board that it is not in a position to submit a firm offer containing terms more
favourable than the Opalton Offer.
Shareholders are therefore advised that the cautionary announcement dated 29
January 2007 is hereby withdrawn.
26 February 2007
Bryanston
Sponsor: J.P. Morgan Equities Limited
Date: 26/02/2007 08:41:06 Produced by the JSE SENS Department.
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