Jasco Electronic Holdings Limited - Disposal Of On
JASCO ELECTRONIC HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1987/003293/06)
("Jasco" or "the Company")
DISPOSAL OF ON LINE DISTRIBUTION LIMITED
Shareholders are advised that at the general meeting of shareholders
held on 28 June 2001 the resolution to approve the disposal of On Line
Distribution Limited was approved by the requisite majority. The
purchaser has also confirmed in writing that it is satisfied that there
have been no material adverse changes in On Line between 1 March 2001
and 29 June 2001.
The disposal has therefore become unconditional and Jasco has received
payment in terms of the agreement.
Woodmead
2 July 2001
Sponsor
Sasfin Bank Limited
(Registration number 1951/002280/06)
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