HUGE GROUP LIMITED - Renewal of the cautionary announcement
HUG 201611020004A
Renewal of the cautionary announcement
HUGE GROUP LIMITED
(Registration number 2006/023587/06)
Share code: HUG ISIN: ZAE000102042
(“Huge” or the “Company”)
RENEWAL OF THE CAUTIONARY ANNOUNCEMENT
Shareholders are referred to the detailed cautionary announcement
released on SENS on 5 September 2016 and the update thereto dated
21 September 2016 relating to the conclusion of a Memorandum of
Agreement with CNET Empowerment Proprietary Limited, DataWireless
Proprietary Limited, DM Holdco Proprietary Limited, Stephanus Marius
Oberholzer and Unwire Communications Proprietary Limited. The
Memorandum of Agreement became unconditional on 21 September 2016
and in terms thereof Huge was granted an exclusivity period of 180 days,
commencing from that date in which to conclude transaction agreements.
Having regard to the above and the fact that negotiations remain
underway regarding other unrelated transactions, which may have an
effect on the price at which Huge shares are traded, shareholders are
advised to continue to exercise caution when trading in their Huge shares
until a further announcement is made.
Johannesburg
2 November 2016
Sponsor
Questco (Pty) Ltd
Date: 02/11/2016 08:00:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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