Suspension Of Trading Of The Ordinary Shares Of Wh
WHETSTONE INDUSTRIAL HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1997/000740/06)
("Whetstone" or "the company")
SUSPENSION OF TRADING OF THE ORDINARY SHARES OF WHETSTONE ON THE JSE
Shareholders are referred to the Cautionary Announcement dated 13 March 2001 in
terms of which the board of directors of Whetstone ("the board") and Berco
Investments (Proprietary) Limited ("Berco") are in discussions to finalise the
price at which the company intends to dispose of the entire business
undertaking of its 78% held subsidiary, Expressit (Proprietary) Limited, to
Clareway (Proprietary) Limited a wholly owned subsidiary of Berco.
The board is also currently dealing with allegations which have been made by
certain shareholders regarding the affairs of the company and in particular,
the eligibility of certain shares to vote, which could have a material effect
on the company.
As a consequence of the above, the board wishes to inform shareholders that it
has resolved to request the JSE Securities Exchange South Africa ("the JSE") to
suspend trade in the company's shares with immediate effect. The JSE has
granted approval for the suspension.
Application will be made to the JSE to reinstate the trading of the company's
shares once the above matters have been resolved.
Shareholders will be kept appropriately informed of further developments.
Cape Town
18 April 2001
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
