Accord Technologies - Suspension Of Listing And Vo
Accord Technologies Limited
Incorporated in the Republic of South Africa
(Registration number 1997 / 019169 / 06
("Accord" or "the company")
Suspension of listing and application for the voluntary liquidation of the
company
The board of directors of Accord ("the Board") has been unsuccessful in
negotiating sufficient additional financial support to ensure that Accord is
able to continue as a going concern. As a result of this, the Board will be
applying for the voluntary liquidation of the company.
Accord's settlement of R36 million in favour of the South African Revenue
Service, which was announced on SENS on 5 October 2000, and various other
issues that have subsequently emerged, have culminated in a debt burden
which precludes the company from continuing as a going concern, this has
resulted in the impending application.
Shareholders are advised that trading in Accord shares on the JSE Securities
Exchange has been suspended with immediate effect.
Further information will be provided to shareholders in due course.
On behalf of the Board
Johannesburg
29 June 2001
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