MMG - MICROmega - Update of disposal of BTM Manufacturing (Proprietary) Limited
MMG
MMG
MMG - MICROmega - Update of disposal of BTM Manufacturing (Proprietary) Limited
("BTM")and renewal of cautionary announcement
MICROmega HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1998/003821/06)
(Share code: MMG & ISIN: ZAE000034435)
("MICROmega" or "the group")
UPDATE OF DISPOSAL OF BTM MANUFACTURING (PROPRIETARY) LIMITED
("BTM")AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
1. DISPOSAL OF BTM
Further to the announcement dated 11 January 2008, MICROmega
Shareholders are advised that the proposed disposal of BTM Manufacturing
(Proprietary) Limited to Autovest Limited has not taken place due to the non-
fulfilment of the conditions precendent.
2. RENEWAL OF CAUTIONARY ANNOUNCEMENT
Shareholders are further advised that in continuation of the cautionary
announcement dated 11 January 2008, MICROmega is in negotiations to acquire the
entire shareholding in Kolbenco (Proprietary) Limited, a first tier OEM
supplier. If these negotiations are successfully concluded, it may have an
effect on the price at which the company`s securities trade on the JSE
Limited. Accordingly, shareholders are advised to exercise caution when dealing
in MICROmega securities, until such time as a full announcement is made.
Sandton
14 February 2008
Sponsor:
Investec Bank Limited
Date: 14/02/2008 17:30:01 Produced by the JSE SENS Department.
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