IMU - Imuniti Holdings Limited - Shareholder update and renewal of cautionary
IMU
IMU
IMU - Imuniti Holdings Limited - Shareholder update and renewal of cautionary
announcement
IMUNITI HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2004/002282/06)
(JSE Code: IMU & ISIN: ZAE000089199)
("Imuniti" or "the Company")
SHAREHOLDER UPDATE AND RENEWAL OF CAUTIONARY ANNOUNCEMENT
SHAREHOLDER UPDATE
Shareholders are referred to the cautionary announcement dated 29 October 2010.
As detailed in the announcement and annual report, the directors advised that
the going concern of the group is dependent on, inter alia, the ability to raise
additional capital through the issue of shares. Three directors of the company
also resigned. It is noted that, due to the Company only having one remaining
director, the Board will be unable to act until three new appointments are made.
The company has moved forward in resolving the going concern issue. The founder
shareholders have provided funding and have agreed to assist the company through
continued funding. It is expected that in early 2011 significant capital will be
injected by the founding shareholders into the company which will ensure its
continued viability.
The company is further involved in negotiations with prospective non-executive
directors and it is expected that all vacant board positions will be filled in
early 2011.
RENEWAL OF CAUTIONARY ANNOUNCEMENT
Accordingly, shareholders are advised to exercise caution when dealing in the
Company`s securities until a further announcement is made.
DURBAN
09 December 2010
Designated Advisor
Arcay Moela Sponsors (Proprietary) Limited
Date: 09/12/2010 11:32:01 Produced by the JSE SENS Department.
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