LAB - Labat Africa Limited - Cautionary announceme
LAB
LAB
LAB - Labat Africa Limited - Cautionary announcement
Labat Africa Limited
Incorporated in the Republic of South Africa
(Registration Number 1986/001616/06)
Share code: LAB ISIN: ZAE000018354
("Labat")
CAUTIONARY ANNOUNCEMENT
Shareholders are advised that Labat and Labat Traffic Solutions
(Proprietary) Limited ("LTS"), being an unlisted subsidiary of Labat, have
reached agreement with Mvelaphanda Holdings (Proprietary) Limited ("Mvela")
on behalf of a broad based consortium, in terms of which Mvela will acquire
a stake in LTS and in terms of which Labat will increase its own stake in
LTS. Thereafter the parties are contemplating a separate listing of LTS.
Accordingly, shareholders are advised to exercise caution when dealing in
Labat shares on JSE Limited until a further announcement is made.
22 June 2007
Sponsor
Merchant Sponsors (Proprietary) Limited
Date: 22/06/2007 16:41:14 Produced by the JSE SENS Department.
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