RLO - Reunert Limited - Reunert brings high court application against Holdsworth
RLO
RLO
RLO - Reunert Limited - Reunert brings high court application against Holdsworth
and Appchat
Reunert Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1913/004355/06)
ISIN: ZAE000057428
Share Code: RLO
("Reunert")
REUNERT BRINGS HIGH COURT APPLICATION AGAINST HOLDSWORTH AND APPCHAT
Shareholders are advised that Reunert has instituted proceedings against John
Charles Holdsworth, the ex-CEO and major shareholder of ECN Telecommunications
(Pty) Ltd and his new business AppChat.
Reunert seeks to enforce contractual restraint of trade and confidentiality
undertakings given by Mr Holdsworth in favour of Reunert, following its
acquisition of the ECN Telecommunications business in June last year. The
business now operates as Nashua ECN, a Division of Reunert Limited. The
undertakings are contained in Mr Holdsworth`s contract of employment and in the
termination agreement entered into between Mr Holdsworth and Reunert when he
left Reunert`s employment in November 2011.
Sandton
27 March 2012
Sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Date: 27/03/2012 14:42:15 Produced by the JSE SENS Department.
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