| Wed 12 Dec 2007, 12:00 | | HUG - Huge Group Limited - Withdrawal of cautionary announcement |
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HUG
HUG
HUG - Huge Group Limited - Withdrawal of cautionary announcement
HUGE GROUP LIMITED
(Incorporated in the Republic of South Africa)
(formerly Vanquish Fund Managers Limited)
(Registration number 2006/023587/06)
Share code: HUG & ISIN: ZAE000102042
("Huge" or "the Company")
WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the detailed cautionary announcement published
on SENS on 11 December 2007, whereby Huge will acquire 59% of the shares and
loan account claims against iTalk Cellular (Proprietary) Limited ("iTalk"),
with effect from 1 March 2007, from the shareholders of iTalk, being the
Bebinchand Seevnarayan Trust, subject to certain conditions precedent.
Shareholders are advised that a substantive condition precedent, relating
to pre-emptive rights of Mobile Telephone Networks Holdings (Proprietary)
Limited to shares in iTalk, has now been waived.
Accordingly the cautionary announcement in relation to the transaction is now
withdrawn.
Johannesburg
12 December 2007
Corporate Advisor
Manhattan Equity Corporate Finance (Proprietary) Limited
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Registered office:
Block 2, Woodlands Drive Office Park, 5 Woodlands Drive, Woodmead, Johannesburg,
2191 (PO Box 16376, Dowerglen, 1610)
Transfer secretaries
Computershare Limited, Ground Floor, 70 Marshall Street, Johannesburg
Directors:
EF Lediga*, BA McQueen*, AD Potgieter (CEO), JC Herbst (FD), MR Nordien, VM
Mokholo
*Non-executive
Date: 12/12/2007 12:00:01 Produced by the JSE SENS Department.
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