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Cautionary Announcement
TELEMASTERS HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
Registration number 2006/015734/06
Share code: TLM & ISIN Number: ZAE000093324
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that the two largest shareholders of TeleMasters have been
approached by a BEE company ("Acquiror") to acquire their shares, subject to a
number of conditions. Discussions are ongoing, and certain regulatory matters have
to be concluded by the Acquiror before a formal offer can be made. However, the
interested party has to engage with advisors and funders and thus maintenance of
confidentiality of information cannot be controlled by TeleMasters.
If a formal offer is made and accepted, it will result in a change of control of
TeleMasters and a mandatory offer being made to the remaining shareholders in the
Company on the same terms.
The Company is also in the early stages of issuing an Expression of Interest for an
acquisition, which would be substantial to Telemasters and, if concluded, would
require shareholder and regulatory approvals.
Accordingly, shareholders are advised to exercise caution whilst dealing in their
securities until a further announcement is made.
The board collectively and individually accepts responsibility for the information
contained in this announcement and certifies that, to the best of its knowledge and
belief, the information contained in this announcement does not omit anything that is
likely to affect the import of such information.
Waterfall City
4 July 2024
Designated Advisor
AcaciaCap Advisors Proprietary Limited
Date: 05-07-2024 08:20:00
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