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Fri 6 Jul 2012, 13:00 Ideco Group Ltd - Update to shareholders regardsing the change of name
IDE
Update to shareholders regardsing the change of name



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")


UPDATE TO SHAREHOLDERS REGARDING THE CHANGE OF NAME OF IDECO GROUP LIMITED TO MUVONI TECHNOLOGY GROUP LIMITED ("CHANGE OF NAME"), THE CONVERSION OF PAR VALUE SHARES TO SHARES OF NO PAR VALUE AND THE ADOPTION OF A NEW MEMORANDUM OF INCORPORATION 

Shareholders are referred to the announcement released by the Company on 20 June 2012, relating to the results of the general meeting at which meeting special resolutions relating to the change of name of the Company, the conversion of share capital to no par value shares and the adoption of the new memorandum of incorporation were approved by shareholders.

Following the above, shareholders are hereby advised that the Company is still awaiting registration of the Special Resolutions by the Companies and Intellectual Property Commission and accordingly, the salient dates and times applicable to the change of name, the conversion of share capital to no par value shares and the adoption of the new memorandum of incorporation, as set out in the announcement and circular dated 18 May 2012, are no longer applicable. 

A further announcement setting out a revised timetable will be made in due course.

6 July 2012

Corporate Advisor                                                              
DEA-RU                                                                 

Designated Advisor                                                              
Sasfin Capital                                                                  
(a division of Sasfin Bank Limited)

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