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Disposal

4 Jun 2008 14:47

RNS Number : 9832V
Naspers Limited
04 June 2008
 



Naspers Limited

(Incorporated in the Republic of South Africa)

(Registration number 1925/001431/06)

JSE share code: NPN ISIN: ZAE000015889

LSE ADS code: NPSN ISIN: US 6315121003

("Naspers" or "the company")

FURTHER CAUTIONARY ANNOUNCEMENT - DIPOSAL OF NETMED N.V

Shareholders are referred to the announcements published on 15 April and 23 April 2008 regarding the disposal of the group's Greek and Cypriot pay-television operations ("NetMed") to Forthnet SA ("Forthnet"), a leading Greek telecommunication company. Forthnet has received its shareholders' approval to proceed with a rights issue of EUR300 million to partly fund the transaction However, as previously advised, the completion of the transaction is still subject to a number of conditions. 

Accordingly shareholders are advised that they should continue to exercise caution when dealing in the company's securities until a further announcement is made.

CAPE TOWN

4 June 2008

Sponsor

Investec Bank Limited

(Registration number 1969/004763/06)

This information is provided by RNS
The company news service from the London Stock Exchange
 
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