TKG
TKG
TKG - Telkom SA Limited - Telkom Media
Telkom SA Limited
(Registration number 1991/005476/06)
JSE and NYSE share code: TKG
ISIN: ZAE000044897
("Telkom")
Telkom Media
On 31 March 2008, Telkom announced its intention to significantly reduce its
shareholding in Telkom Media (Proprietary) Limited (registration number
2006/003303/07 "Telkom Media" or the "Company").
Since the above decision, Telkom Media has reduced its operational expenses and
commitments to a minimum. An extensive process to identify potential buyers of
Telkom`s interest in Telkom Media has proved unsuccessful.
Telkom, a shareholder of Telkom Media, intends calling the necessary shareholder
meetings to seek the approval for the winding up of Telkom Media. It is
anticipated that the meeting will be held within the next 30 days.
To date, Telkom has fully impaired all of its investments in Telkom Media.
Sponsor: UBS South Africa (Pty) Ltd
25 March 2009
Date: 25/03/2009 10:00:01 Produced by the JSE SENS Department.
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