TLM - Telemasters Holdings - Purchase Of The Incom
TLM
TLM
TLM - Telemasters Holdings - Purchase Of The Income Stream From Motion
Telecommunication And Renewal Of Cautionary Announcement
TELEMASTERS HOLDINGS LIMITED
formerly Sinvent Investments 96 (Pty) Ltd
(Incorporated in the Republic of South Africa)
(Registration Number: 2006/015734/06)
JSE Code: TLM
ISIN: ZAE000093324
("TeleMasters" or "the Company")
PURCHASE OF THE INCOME STREAM FROM MOTION TELECOMMUNICATION AND RENEWAL OF
CAUTIONARY ANNOUNCEMENT
TeleMasters has acquired 100% of its least-cost routing business from Motion
Telecommunication (Pty) Ltd, for an undisclosed amount in cash, in a
transaction that will add 10% to TeleMasters` existing base.
It is anticipated that this transaction will increase revenue by R1,4 million
and contribute an additional R1,1 million profit after tax per annum. No
shares will be issued for this transaction.
The Directors are aware, and wish to advise shareholders, that the forecast
financial information above has not been reviewed and reported on by the
company`s auditors in accordance with section 8.40(a)of the Listings
Requirements of the JSE Limited.
Further to the cautionary announcement dated 7 March 2008 shareholders are
advised that negotiations are still in progress which, if successfully
concluded may have a material effect on the price of the company`s securities.
Accordingly, shareholders are advised to continue exercising caution when
dealing in the company`s securities until a full announcement is made.
Centurion
10 March 2008
Designated Advisor
River Group
Date: 10/03/2008 09:19:00 Produced by the JSE SENS Department.
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