LMID - Lereko Mobility (Proprietary) Limited - Further Cautionary announcement
JSE SIM
LMID
LMID - Lereko Mobility (Proprietary) Limited - Further Cautionary announcement
Lereko Mobility (Proprietary) Limited Incorporated in the Republic of South
Africa)
Registration number: 2004/034154/07("Lereko Mobility" or "the company")
Share code: LMID ISIN: ZAE0000067229
Further Cautionary announcement
Further to the cautionary announcement dated 8 September 2008, debenture holders
are advised that negotiations are still in progress with Imperial Holdings
Limited and Eqstra Holdings Limited which, if successfully concluded, will
result in the provision of additional collateral for the benefit of the
Debenture Holders and Preference Shareholders of the company, the effect of
which would be to reduce the default trigger levels in terms of the debenture
trust deed and in terms of the preference share terms and conditions.
Consequently Lereko Mobility Debenture Holders are advised to continue
exercising caution when dealing in their Lereko Mobility Debentures until a
further announcement is made.
Company Secretary
RA Venter
By order of the Board 17 November 2008 BEDFORDVIEW
Sponsor
Merrill Lynch South Africa (Proprietary) Limited
Date: 17/11/2008 16:09:21 Produced by the JSE SENS Department.
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