CNL - Control Instruments Group Limited - Update T
CNL
CNL
CNL - Control Instruments Group Limited - Update To Shareholders
CONTROL INSTRUMENTS GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1964/003987/06)
JSE Share Code: CNL
ISIN: ZAE000001665
("Control Instruments")
UPDATE TO SHAREHOLDERS
MERGER OF CONTROL INSTRUMENTS` FLEET AND VEHICLE MANAGEMENT INTERESTS INTO
TELIMATRIX (PROPRIETARY) LIMITED ("MATRIX GROUP"), WHICH OWNS THE BUSINESS OF
MATRIX VEHICLE TRACKING (PROPRIETARY) LIMITED ("MATRIX")
Further to the announcement dated 23 May 2007 and the due diligence update
announcement dated 29 June 2007, shareholders are advised that good progress is
being made with the ancillary legal agreements as well as the circular regarding
the proposed merger and unbundling, and incorporating a notice of general
meeting of shareholders.
Shareholders will be notified in due course when the circular will be posted.
Cape Town
26 July 2007
Sponsor
Investec Bank Limited
Transactional sponsor
PricewaterhouseCoopers Corporate Finance (Pty) Limited
Date: 26/07/2007 14:30:01 Produced by the JSE SENS Department.
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