Brief: PPC says independent board to not recommend offer by Fairfax Africa Investments

Helios Fairfax Partners

22/11/2017 11:21

Nov 22 (Reuters) - PPC Ltd -  
    * RECOMMENDATION OF INDEPENDENT BOARD NOT TO ACCEPT OFFER 
BY 
FAIRFAX AFRICA INVESTMENTS PROPRIETARY LIMITED ("FAIRFAX") 
    * PPC WILL NOT CONVENE A GENERAL MEETING OF SHAREHOLDERS 
FOR 
PURPOSES OF APPROVING PROPOSED MERGER 
    * TAKEOVER REGULATION PANEL HAS GRANTED FAIRFAX AN 
EXTENSION OF 
DATE BY WHICH IT IS REQUIRED TO POST PARTIAL OFFER CIRCULAR 
UNTIL 12 DECEMBER 2017 
    * PPC IS CONTINUING ITS ENGAGEMENTS WITH CRH AND LH 
REGARDING 
THEIR RESPECTIVE NON-BINDING EXPRESSIONS OF INTEREST 
 
Source text for Eikon:  ID:nJseV0036a  
 
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