IDE - Ideco Group Limited - Further cautionary announcement
IDE
IDE
IDE - Ideco Group Limited - Further cautionary announcement
Ideco Group Limited
Incorporated in the Republic of South Africa
Registration number 2001/023463/06
Share code: IDE
ISIN code: ZAE000107579
("Ideco" or "the company")
Further Cautionary Announcement
Shareholders are referred to the cautionary announcement, dated 22 June 2011,
and are advised that Ideco has entered into negotiations with the management
of Ideco Biometric Security Solutions (Proprietary) Limited ("IBSS") in terms
of which the management of IBSS will acquire the assets and liabilities of
("IBSS") as a going concern ("the Proposed Transaction"). The Proposed
Transaction will not impact on the current operations of IBSS.
Shareholders are advised that Ideco is currently finalising certain aspects
of the Proposed Transaction and therefore shareholders should continue to
exercise caution when dealing in the company`s securities until a full
detailed terms announcement is released.
23 June 2011
Bryanston
Designated Advisor to the company
QuestCo Sponsor (Pty) Ltd
Date: 23/06/2011 16:00:01 Produced by the JSE SENS Department.
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