OMEGA ALPHA INTERNATIONAL HOLDINGS LIMITED
The Board of Directors of OAI has requested a voluntary suspension of
trading in the shares of OAI with effect from the commencement of trading on
Thursday 26 July 2001.
In considering the restructuring of the Group as announced to shareholders
on 20 July 2001, the directors have been advised that the financial
statements as published on 30 May 2001, will need to be restated.
The extent of the restatement cannot be quantified at this stage. Further
details of the restated annual financial statements for the year ended 28
February 2001, together with the details regarding the restructuring, are
anticipated to be released by 31 August, or earlier, at which time the
directors will request the JSE to allow trading in OAI shares to recommence.
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