AUSTRO GROUP LIMITED - Disciplinary enquiry / Withdrawal of cautionary
ASO 201211190053A
Disciplinary enquiry / Withdrawal of cautionary
AUSTRO GROUP LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 2001/029771/06)
Share code: ASO ISIN: ZAE000090882
(“Austro” or the “company”)
DISCIPLINARY ENQUIRY/WITHDRAWAL OF CAUTIONARY
Shareholders are referred to the cautionary announcement issued over SENS on 5 October 2012.
In that regard, shareholders are advised that Mr Charles Jacobs, a director of Austro and the Chief
Executive Officer (“CEO”) of Austro (Pty) Limited (“Wood”), a subsidiary of Austro, has been
suspended from his duties pending the outcome of a disciplinary enquiry. The company expects the
enquiry to be concluded timeously and will publish an appropriate announcement at the relevant
time.
Mr Jonathan Orde Freed, the managing director of New Way Power (Pty) Limited, a subsidiary of
Austro and sister company of Wood, is currently managing Wood and accordingly operations will
continue in the ordinary course of business. The board of directors of Austro are satisfied that there
will be no material impact on the business as Wood’s management team under the guidance of
Jonathan has sufficient expertise and competence to ensure a seamless continuation of that
business.
Accordingly, shareholders are advised that following the release of this announcement, caution is no
longer required to be exercised by shareholders when dealing in their shares.
19 November 2012
Sponsor
Java Capital
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