HUGE GROUP LIMITED - Cancellation of Share Option Agreement with a past director of Huge Telecom (Pty) Ltd
HUG 201308210052A
Cancellation of Share Option Agreement with a past director of Huge Telecom (Pty) Ltd
HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge Group” or “the Group” or “the Company”)
CANCELLATION OF SHARE OPTION AGREEMENT WITH A PAST
DIRECTOR OF HUGE TELECOM PROPRIETARY LIMITED
Shareholders are referred to the announcement dated 15
July 2013 detailing the exercise of a call option in
terms of a Call Option Agreement concluded with Managoran
Pillay, a former director of Huge Telecom Proprietary
Limited (“the Pillay Agreement”), and are advised that
the Pillay Agreement has been cancelled in terms of a
Cancellation Agreement entered into by the parties
concerned on 20 August 2013 (“the Cancellation
Agreement”).
No rights or obligations arising out of the Pillay
Agreement, shall be enforceable, and any exercise or
purported exercise of a call option in terms of the
Pillay Agreement, is void and of no further force or
effect.
Johannesburg
21 August 2013
Designated Advisor
Arcay Moela Sponsors Proprietary Limited
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