JSE PTG
GEN
GEN - Announcement in terms of rule 7.1(a) of the Securities Regulation Code and
Rules of the Securities Regulation Panel
Peermont Global Limited
Registration number 1995/004449/06
Share code: PTG
ISIN code: ZAE000058053
("Peermont" or "the Company")
9 March 2007
Announcement in terms of rule 7.1(a) of the Securities Regulation Code and Rules
of the Securities Regulation Panel
Shareholders are advised that GoldenTree Asset Management UK LLP ("GoldenTree")
has (not in its individual capacity but on behalf of certain of its managed
funds), pursuant to a series of trades on the JSE Limited on 26 and 27 February
2007, acquired 2 248 235 ordinary shares in Peermont each for a purchase price
of 1273 cents, which shares constitute in the aggregate less than 1% of the
total issued ordinary share capital of Peermont.
GoldenTree (not in its individual capacity but on behalf of certain of its
managed funds) is a part funder to 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,
which has submitted to the board of directors of Peermont a firm intention to
make an offer to acquire the entire issued ordinary share capital of Peermont
for a total cash consideration of 1290 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. The meeting of shareholders of
Peermont to consider the scheme is scheduled for 12 March 2007.
8 March 2007
Bryanston
Legal Advisors: Werksmans Inc.
Date: 09/03/2007 14:06:53 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
