ABU - abe - Renewal of cautionary announcement and change in board membership
ABU
ABU
ABU - abe - Renewal of cautionary announcement and change in board membership
a.b.e. CONSTRUCTION CHEMICALS LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number 1982/005383/06)
Share Code: ABU & ISIN: ZAE000102059
("abe" or "the company")
RENEWAL OF CAUTIONARY ANNOUNCEMENT AND CHANGE IN BOARD MEMBERSHIP
Shareholders are referred to the previous cautionary announcement dated 5
February 2010, and are advised that negotiations are still in progress which, if
successfully concluded, may have an effect on the price of the company`s
securities. In light of the aforementioned ongoing negotiations, and in
accordance with paragraph 3.59 of the Listings Requirements, the abe board of
directors at this stage has decided to appoint LF Avis ("Lawrence"), the current
financial director of the company, as acting chief executive officer. Lawrence
will therefore fulfil the dual role of financial director and acting chief
executive officer of the company.
Shareholders are advised to continue to exercise caution when dealing in the
company`s securities until a further announcement is made.
Durban
23 March 2010
Designated Adviser: PSG Capital (Pty) Ltd
Date: 23/03/2010 17:00:06 Produced by the JSE SENS Department.
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