JDG
JDG
JDG - JD Group Limited - Further Announcement
JD GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1981/009108/06)
Share code: JDG & ISIN: ZAE000030771
("JDG")
FURTHER ANNOUNCEMENT
The joint cautionary announcement issued by JDG and Steinhoff International
Holdings Limited ("Steinhoff") on Thursday, 8 March 2007 refers.
In order to avoid any further speculation, the Board of JDG advises that the
proposed merger with Steinhoff is based on an exchange of JDG shares for
Steinhoff shares with no cash alternative. It is envisaged that the proposed
merger will in the medium term unlock material value for shareholders in JDG.
While meetings have also been held between JDG and Private Equity firms
recently, it is envisaged that such a transaction would not facilitate the
future growth plans of the proposed merged group. It has therefore been decided
not to pursue these discussions.
JDG shareholders are advised to continue exercising caution when dealing in
their JDG shares until a further announcement is made.
Johannesburg
12 March 2007
Investment advisor and Sponsor
transaction sponsor
ABSA CAPITAL PSG CAPITAL
Date: 12/03/2007 14:04:55 Produced by the JSE SENS Department.
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